Thu Jan 28, 2010 Bayfield Announces Non-Brokered Private Placement
Vancouver, BC - Bayfield Ventures Corp. (TSX-V: BYV) (FWB: B4N) (the "Company") announces that it has arranged a non-brokered private placement of up to 1,000,000 units at a price of $0.25 per unit. Each unit consists of one common share and one non-transferable share purchase warrant which entitles the holder to purchase an additional common share at a price of $0.30 per share for a period of two years.
The Company may also pay a finder's fee in cash or units equal up to 7% of the private placement offering. The finder's units will be on the same terms as the subscribers' units.
Bayfield intends to utilize the proceeds of the private placement for general work capital purposes.
Bayfield Ventures Corp. is actively involved in the exploration for gold in Northwestern Ontario. Property partners include Goldcorp.
ON BEHALF OF THE BOARD OF DIRECTORS
"Jim Pettit"
James G. Pettit
Chairman
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
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