Mr. William Wulftange reports
BARKSDALE ANNOUNCES $950,000 PRIVATE PLACEMENT
Barksdale Resources Corp. plans to raise $953,780.51 on a private placement basis by Crescat Capital LLC, a strategic investor in Barksdale, consisting of 8,478,049 common share units in the capital of the company at a price of 11.25 cents per unit.
Each unit will be composed of one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share of the company at an exercise price of 15 cents for a period of two years following the closing of the offering.
Use of proceeds includes financing for continuing corporate expenses.
The company will issue a cash equalization payment of 2.25 cents per unit to Crescat, for a total payment of $190,756.10. Crescat was entitled to participate in the nine-cent offering; however, the offering was fully subscribed, and no allocation was available.
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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