Mr. William Wulftange reports
BARKSDALE ANNOUNCES SHARES FOR DEBT TRANSACTION
Barksdale Resources Corp. intends to issue 3,904,110 common shares in the capital of the company to certain creditors in settlement of $351,369 of accrued interest on the debentures held by Delbrook Resource Opportunities Fund and Delbrook Resource Opportunities Master Fund LP at a deemed price of nine cents per debt settlement share.
The debt settlement shares to satisfy the aggregate debt will be subject to a statutory four-month hold period from the date of issuance in accordance with applicable securities legislation. The shares-for-debt transaction, including the issuance of the debt settlement shares contemplated thereby, is subject to acceptance by the TSX Venture Exchange.
About Barksdale Resources Corp.
At Barksdale, its mission is to drive long-term shareholder value through the strategic acquisition, exploration and advancement of high-quality critical, base and precious metal projects across the Americas.
It is focused on the metals essential to the global energy transition and modern infrastructure -- particularly copper, zinc and other critical minerals -- at a time when secure, domestic and regional sources are more important than ever.
With a sharp focus on critical metals and a commitment to responsible growth, Barksdale is positioned to play a key role in meeting tomorrow's resource needs.
We seek Safe Harbor.
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