| | Published : May 05th, 2014 | Increases Financings to $1,750,000 |
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Friday, May 02, 2014 |
News Release |
Bayfield Ventures Increases Financings to $1,750,000
Vancouver, BC - Bayfield Ventures Corp. (TSX-V: BYV) (OTC Pink: BYVVF) (Frankfurt: B4N) announces, further to its news release of April 22nd, that it has increased its non-brokered private placement to up to 4,000,000 units (the "Unit") at a price of $0.25 per unit to raise proceeds of up to $1,000,000. Each Unit consists of one common share and one non-transferable share purchase warrant (the "Warrant"). Each Warrant will entitle the holder to purchase one common share for a period of two years at a price of $0.255 per share.
Bayfield has also increased its non-brokered private placement to up to 2,500,000 flow-through units (the "FT Units") at a price of $0.30 per FT Unit to raise proceeds of up to $750,000. Each FT Unit consists of one flow-through common share and one non-transferable non flow-through warrant (the "NFT Warrant"). Each NFT Warrant will entitle the holder to purchase one non flow-through common share for a period of two years at a price of $0.35 per share.
Bayfield Ventures intends to utilize the proceeds from these private placements for a planned exploration and drill program on its 100% owned Burns Block and "B" Block gold-silver projects located in the Rainy River district of north-western Ontario and for general working capital purposes. The Company's planned exploration and drill program will follow report recommendations contained in the recently completed Independent Mineral Resource Estimate entitled "BURNS BLOCK NATIONAL INSTRUMENT 43-101 COMPLIANT TECHNICAL REPORT," dated January 14, 2014 prepared by Riverbend Geological Services Inc. and a Technical Report entitled ""B" BLOCK NATIONAL INSTRUMENT 43-101 COMPLIANT TECHNICAL REPORT," dated Feb. 14, 2014.
A finder's fee of up to 7% cash and 7% non-transferable NFT warrants (the "Finder's Warrants") may be paid in connection with these private placement offerings. Each Finder's Warrant will entitle the Finder to purchase a common share at a price of $0.255 per share for the NFT Units and $0.35 per share for the FT Units for a period of two years from the closing date of the private placements.
All the securities issuable will be subject to a four-month hold period from the date of closing. The above transactions are subject to the acceptance of the TSX Venture Exchange.
About Bayfield Ventures Corp.:
Bayfield Ventures Corp. is exploring for gold and silver in the Rainy River District of north-western Ontario. Bayfield Ventures goal is to increase shareholder value by developing exploration projects near world-class deposits that have the potential of becoming new discoveries.
For further information on Bayfield Ventures Corp. (TSX-V: BYV), visit the Company's web site at www.bayfieldventures.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Jim Pettit" ______________________________ JAMES G. PETTIT Chairman and CEO
For further information contact myself or: Don Myers Director Bayfield Ventures Corp. Telephone: 604-687-3376 Toll Free: 800-567-8181 Facsimile: 604-687-3119 Email: info@bayfieldventures.com
Other Contact: Envoy Strategic Partners Investor Relations Jay Bedard Telephone: 416-977-7778 Email: jay@envoystrategicpartners..com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE. This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.
You can also view this News Release on our website at: http://www.bayfieldventures.com/s/NewsReleases.asp?ReportID=650866
On February 15th, Bayfield Ventures was recognized as a TSX Venture 50� company in 2011. TSX Venture 50 is a trade-mark of TSX Inc. and is used under license. The TSX Venture 50� are the top 10 companies listed on the TSX Venture Exchange, in each of five major industry sectors - mining, oil & gas, technology & life sciences, diversified industries and clean technology - based on a ranking formula with equal weighting given to return on investment, market cap growth, trading volume and analyst coverage. All data was as of December 31, 2010. |
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Bayfield Ventures Corp.
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EXPLORATION STAGE |
CODE : BYV.V |
ISIN : CA0727771051 |
CUSIP : 072777 10 5 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Bayfield Ventures is based in Canada. Bayfield Ventures holds various exploration projects in Canada. Its main exploration properties are GOLD CREEK, DRUM LAKE, BAIRD, BURNS BLOCK (RAINY RIVER) and C CLAIMS in Canada. Bayfield Ventures is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 17.9 millions as of today (US$ 15.1 millions, € 12.6 millions). Its stock quote reached its lowest recent point on December 24, 2008 at CA$ 0.05, and its highest recent level on September 10, 2010 at CA$ 1.38. Bayfield Ventures has 74 440 000 shares outstanding. |
In the News and Medias of Bayfield Ventures Corp. |
Annual reports of Bayfield Ventures Corp. |
Financings of Bayfield Ventures Corp. |
Nominations of Bayfield Ventures Corp. |
Financials of Bayfield Ventures Corp. |
Project news of Bayfield Ventures Corp. |
10/17/2013 | Drills 4.5 metres of 9.82 g/t Au & 52.10 g/t Ag at East Burn... |
10/9/2013 | Drills 6.0 metres of 14.34 g/t Gold & 61.40 g/t Silver at Ea... |
10/1/2013 | Bayfield Intersects 1.5 Metres of 528 g=2Ft Gold & 103 g=2Ft... |
10/1/2013 | Intersects 1.5 metres of 528 g/t Gold & 103 g/t Silver at In... |
8/9/2013 | Bayfield Drill Program to Resume at Burns Block Gold=2DSilve... |
8/9/2013 | Drill Program to Resume at Burns Block Gold-Silver Project i... |
6/6/2013 | Commences Geological, Geotechnical and Geochemical Studies a... |
5/31/2013 | New Gold Agrees to Acquire Rainy River Resources Growing Gol... |
5/23/2013 | Bayfield Drills 16.0m of 10.47 g/t Gold and 34.68 g/t Silver... |
5/23/2013 | Drills 16.0m of 10.47 g/t Gold and 34.68 g/t Silver on Intre... |
4/23/2013 | Drills 11.0m of 12.19 g/t Gold and 30.05 g/t Silver in Rainy... |
1/10/2013 | Bayfield Drills 15.0m of 11.06 g/t Gold and 57.05 g/t Silver... |
1/10/2013 | Drills 15.0m of 11.06 g/t Gold and 57.05 g/t Silver in Rainy... |
10/11/2012 | Bayfield Drills 19.60m of 5.45 g/t Au and 20.63 g/t Ag at Ea... |
10/3/2012 | Bayfield Announces Additional Burns Block Drill Results in t... |
10/3/2012 | Announces Additional Burns Block Drill Results in the Rainy ... |
7/25/2012 | Continues to Expand Eastern Burns Block Discovery Zone in Ra... |
7/25/2012 | Bayfield Continues to Expand Eastern Burns Block Discovery Z... |
5/9/2012 | Bayfield Drills 13.5m of 5.13 g/t Au and 25.21 g/t Ag in Dev... |
5/9/2012 | Bayfield Drills 13.5m of 5.13 g/t Au and 25.21 g/t Ag in Dev... |
5/9/2012 | Drills 13.5m of 5.13 g/t Au and 25.21 g/t Ag in Developing E... |
3/29/2012 | Bayfield Reports 7.5m of 7.31 g/t Au, 107.95 g/t Ag and 7.9m... |
3/29/2012 | Bayfield Reports 7.5m of 7.31 g/t Au, 107.95 g/t Ag and 7.9m... |
3/29/2012 | Reports 7.5m of 7.31 g/t Au, 107.95 g/t Ag and 7.9m of 4.8 g... |
3/14/2012 | Bayfield Drills 13.94 g/t Au Over 3.0m Within 3.46 g/t Au Ov... |
3/13/2012 | Drills 13.94 g/t Au over 3.0m within 3.46 g/t Au over 19.5m ... |
2/21/2012 | Bayfield Drills 10.5m of 3.44 g/t Au and 29.16 g/t Ag in New... |
2/21/2012 | Drills 10.5m of 3.44 g/t Au and 29.16 g/t Ag in New Southeas... |
12/12/2011 | Bayfield Reports 7.2m of 656.88 g/t Ag in Rainy River, North... |
12/12/2011 | Reports 7.2m of 656.88 g/t Ag in Rainy River, North-western ... |
11/29/2011 | 61.02 g/t Gold over 7m & 64.66 g/t Gold over 5m in Two near ... |
11/29/2011 | Bayfield Drills 61.02 g/t Gold Over 7m & 64.66 g/t Gold Over... |
9/20/2011 | Reports 1,414.55 g/t Silver over 1.10m in Rainy River, NW On... |
8/31/2011 | New 3D Video of Bayfields' Burns Block in Rainy River, Ontar... |
8/9/2011 | Extends Near Surface Gold-Silver Mineralization in Easterly ... |
6/27/2011 | Drills 79.50m of 8.66 g/t Gold and 57.67 g/t Silver Includin... |
4/21/2011 | (Burns Block (rainy River))Reports Silver Results from Further Assaying 2010 Drilling i... |
4/15/2011 | (Burns Block (rainy River))Rainy River East Step-Out Drilling Continues to Intercept Go... |
4/7/2011 | (Burns Block (rainy River))Earns 100% Interest in 3 Rainy River Properties, NW Ontario |
2/28/2011 | (Burns Block (rainy River))Drills 13.0 g/t Au and 70.22 g/t Ag Over 6.6m Within 39.95m ... |
2/17/2011 | (Burns Block (rainy River))Bayfield Drills 33.13 g/t Au and 208.18 g/t Ag over 2.2m wit... |
2/16/2011 | (Burns Block (rainy River))Drills 33.13 g/t Au and 208.18 g/t Ag over 2.2m within 116.6... |
12/1/2010 | (Burns Block (rainy River))Rainy River Drilling Intersects 4m of 6.17 g/t Au within 21m... |
8/3/2010 | (Burns Block (rainy River))Mobilization of Second Drill Rig |
5/27/2010 | (Burns Block (rainy River))Begins 20,000+ Metre Drill Program |
5/10/2010 | (Burns Block (rainy River))Gold Drill Program Expanded to 20,000 Metres in NW Ontario |
3/5/2010 | (Burns Block (rainy River))Drill Program Continues on "Burns" Block |
3/2/2010 | (Burns Block (rainy River))Phase One Drill Results |
2/11/2010 | (Burns Block (rainy River))Phase One Drilling Completed in NW Ontario |
1/8/2010 | (Burns Block (rainy River))Begins Rainy River Drill Program |
8/17/2009 | (Gold Creek)Phase 1 Exploration Completed on Gold Creek Property, Additi... |
7/24/2009 | (Gold Creek)Exploration Begins on Gold Creek Property in Northwestern On... |
5/27/2009 | (Burns Block (rainy River))Rainy River Resources Receives Gold Resource Update |
1/15/2009 | (Burns Block (rainy River))Rainy River Resources Identifies 2 Main Gold Zones on Bayfi... |
1/31/2008 | (Burns Block (rainy River))Initial Drill Results on Rainy River Gold Project, NW Ontari... |
12/3/2007 | (Burns Block (rainy River))Rainy River Resources to Drill Bayfield's Rainy River Proper... |
8/21/2007 | (Burns Block (rainy River))Drilling to Commence on Rainy River Claim Block "A", NW Onta... |
8/15/2007 | (Burns Block (rainy River))Rainy River Diamond Drilling Commences in NW Ontario |
6/28/2007 | (Burns Block (rainy River))Diamond Drilling to Commence in July, NW Ontario |
3/21/2007 | (Burns Block (rainy River))Geological Report Filed on Rainy River Gold Project, NW Onta... |
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Corporate news of Bayfield Ventures Corp. |
5/30/2014 | Closes Final Tranche of Financings, Raises $1,126,700 |
5/5/2014 | Increases Financings to $1,750,000 |
2/18/2014 | Completes NI 43-101 Technical Report on its Rainy River "B"... |
1/14/2014 | Announces Maiden NI 43-101 Technical Report and Mineral Reso... |
11/26/2013 | Completes 2013 Drill program at Rainy River Burns Block, NW ... |
10/17/2013 | Bayfield Drills 4.5 metres of 9.82 g=2Ft Au & 52.10 g=2Ft Ag... |
10/9/2013 | Bayfield Drills 6.0 metres of 14.34 g=2Ft Gold & 61.40 g=2Ft... |
5/29/2013 | Block Booking: Rainy River and Bayfield Ventures as Possible... |
10/11/2012 | Drills 19.60m of 5.45 g/t Au and 20.63 g/t Ag at East Burns ... |
4/18/2012 | Mid-Day Breaking News Mirasol, Eagle Hill, Bayfield, and Foc... |
4/17/2012 | Noverra Watch List Report - Bayfield Ventures (TSX-V: BYV) |
1/23/2012 | Mid-Day Breaking News From Douglas Lake, Eagle Hill, El Nino... |
1/23/2012 | Expands Rainy River Exploration Program with Drilling Commen... |
1/23/2012 | Discovers Multi-Gram Gold in New Far East Zone on Burns Bloc... |
1/19/2012 | Mid-Day Breaking News From Angkor, Novadx, U3O8 Corp, Bayfie... |
9/12/2011 | Visit Management at the Toronto Gold Show |
9/8/2011 | Drills 34.50m over 1.24 g/t AuEq in Near Surface Drilling an... |
7/28/2011 | Mid-Day Breaking News From Regal, Premium, Millrock, Bayfiel... |
7/27/2011 | Clarifies Misinformation by US Newsletter Writer |
6/30/2011 | Clarifies Details of Reported Drill Intercepts |
6/3/2011 | Drills 20.35 Metres of 2.27 G/T Au and 7.76 G/T Ag at Rainy ... |
5/12/2011 | Drills 7.60m of 5.70 G/T Au and 24.27 G/T Ag Within 22.35m o... |
4/26/2011 | Bayfield Expands Rainy River Drill Program by an Additional ... |
4/26/2011 | Expands Rainy River Drill Program by an Additional 50,000 Me... |
3/1/2011 | Bayfield Drills 13.0 g/t Au and 70.22 g/t Ag over 6.6m withi... |
2/15/2011 | Ranks Third out of Ten Mining Companies to make TSX Venture ... |
5/7/2010 | $4 Million Financing Closes for Drill Program |
7/28/2009 | Louis Chastko, PGeo. Joins Advisory Board |
6/29/2009 | Acquires Two New Properties in Northwestern Ontario |
12/10/2008 | Drills 5.7 g/t Gold on its Rainy River Claim Block, Ontario |
9/16/2008 | Major Gold Intersect Discovered by Rainy River on Bayfield's... |
8/1/2008 | Rainy River Announces Results West of Bayfield's Burns Block |
10/5/2007 | Trading Halted at Company's Request Pending News |
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