last NR PP done at 3c and 15c



2012-09-28 16:19 MT - News Release
Shares issued 44,203,272
BGS Close 2012-09-27 C$ 0.015


Mr. Richard Wilson reports


Baroyeca Gold & Silver Inc. has agreed to a non-brokered private placement of up to $500,000 of its securities, consisting of the sale of up to 16,666,666 units of its securities at a price of three cents per unit, each unit consisting of one common share and one non-transferable share purchase warrant, each such warrant entitling the holder to purchase one additional common share of the company at a price of five cents per share for one year.

The proceeds from the private placement will be used to pay outstanding accounts payable, including audit, accounting and transfer agent fees, mineral property taxes, certain exploration consulting and drilling expenses, for the assays for the remaining samples from its drilling program, and for the geological consulting to compile, analyze, model and interpret the assay data, the balance of the purchase price for the third parcel of claims for its Tombstone property, and for certain operating costs for the company for the next three months.