VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 29, 2012) - Bayfield Ventures Corp. (TSX VENTURE:BYV) (OTC PINK:BYVVF) (FRANKFURT:B4N) announces, further to its news release earlier today, that it has increased its non-brokered private placement to up to $1,410,000 by the issuance of up to 4,028,571 flow-through common shares (the "FT common shares") of the Company at an issuance price of $0.35 per FT common share.
All other terms of the private placement remain the same.
Bayfield Ventures intends to utilize the proceeds from this private placement for a continuing drill program on its 100% owned Rainy River gold properties located in northwestern Ontario.
Rainy River District Gold Zones:
The above transaction is 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. The Company is carrying out a 100,000 metre diamond drill program with drilling concentrated on the flagship Burns Block Project. The Company has 70.3 million shares outstanding.
For further information on Bayfield Ventures Corp. (TSX VENTURE:BYV), visit the Company's web site at www.bayfieldventures.com.
ON BEHALF OF THE BOARD OF DIRECTORS
James G. Pettit, Chairman and CEO
This news release may contain certain "Forward-Looking Statements" that may involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. For a more detailed discussion of such risks and other factors, refer to the Company's filings with Canadian Securities regulators available on www.sedar.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.