Barksdale Announces $930,000 Private Placement

Barksdale Announces $930,000 Private Placement

NOTE: All figures are in Canadian Dollars unless otherwise stated.

Barksdale Resources Corp. (TSXV: BRO,OTC:BRKCF) (OTCQB: BRKCF) (FSE: 2NZ) ("Barksdale" or the "Company") announces plans to raise $932,585 on a private placement basis by Crescat Capital LLC ("Crescat"), a strategic investor in the Company, consisting of 8,478,049 common share units in the capital of the Company (the "Units") at a price of $0.11 per Unit (the "Issue Price") (the "Offering").

Each Unit will be comprised of one common share of the Company and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one common share of the Company at an exercise price of $0.15 for a period of two (2) years following the closing of the Offering.

Use of proceeds is for funding for the Company's drilling program at Sunnyside project.

The Company will issue a cash equalization payment of $0.02 per Unit to Crescat, for a total payment of $169,561. Crescat was entitled to participate in the $0.09 offering previously announced; however, the offering was fully subscribed and no allocation was available.

About Crescat Capital LLC

Crescat is a value-driven asset management firm with a global macro thematic overlay. The goal of its activist metals' strategy is to help exploration-focused mining companies create new economic metal deposits in viable mining jurisdictions around the world. The firm's investment process involves a mix of asset classes and strategies to assist with each client's unique needs and objectives and includes Global Macro, Long/Short, and Precious Metals funds.

About Barksdale Resources Corp.

At Barksdale, our 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.

We are 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.

On Behalf of Barksdale Resources Corp.

William Wulftange
Chief Executive Officer and Director 
info@barksdaleresources.com

Ira M. Gostin 
Investor Relations 
604-398-5385 x3
ir@barksdaleresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding Forward-Looking Statements

This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or" should" occur or be achieved. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the foregoing financing and amendments are forward-looking statements. 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.

Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Barksdale, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the Company has made assumptions and estimates based on or related to many of these factors. All forward-looking statements contained in this news release are qualified by these cautionary statements and those in the Company's continuous disclosure filings available on SEDAR+ at www.sedarplus.ca. Readers should not place undue reliance on the forward-looking statements contained in this news release concerning these items. Barksdale does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283534

News Provided by TMX Newsfile via QuoteMedia

BRO:CC
The Conversation (0)
Barksdale Resources (TSXV:BRO)

Barksdale Resources

Advanced Precious and Base Metals Properties in Mexico and Arizona

Advanced Precious and Base Metals Properties in Mexico and Arizona Keep Reading...
Anteros Metals Reports Gas Occurrence in Drill Hole WM08-27EXT at Seagull Property

Anteros Metals Reports Gas Occurrence in Drill Hole WM08-27EXT at Seagull Property

Anteros Metals Inc. (CSE: ANT) ("Anteros" or the "Company") provides the following operational update on its ongoing Phase 2 drill program at the Seagull Property in northwestern Ontario.Drill hole WM08-27EXT encountered a gas occurrence at approximately 825 metres during overnight drilling... Keep Reading...
Precious Metals & Critical Minerals Hybrid Investor Conference Agenda Announced for May 21st

Precious Metals & Critical Minerals Hybrid Investor Conference Agenda Announced for May 21st

Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the upcoming Precious Metals & Critical Minerals Hybrid Investor Conference taking place May 21, 2026. Individual and institutional investors, advisors, and analysts are invited to... Keep Reading...
Homeland Nickel and Westwin Elements Seek to Offer Mining to Refining Solution for American Nickel Demand

Homeland Nickel and Westwin Elements Seek to Offer Mining to Refining Solution for American Nickel Demand

(TheNewswire) Toronto, Ontario May 14, 2026 - TheNewswire Homeland Nickel Inc. ("Homeland" or the "Company") (TSX-V: SHL, OTC: SRCGF), is pleased to announce it has signed a Memorandum of Understanding (MoU) with Westwin Elements Inc. ("Westwin") of Oklahoma to develop a "Made in America"... Keep Reading...
Sun Summit Acquires 51% Ownership Share in the New Orbit Project, Toodoggone Mining District, B.C.

Sun Summit Acquires 51% Ownership Share in the New Orbit Project, Toodoggone Mining District, B.C.

Sun Summit Minerals Corp. (TSXV: SMN,OTC:SMREF) (OTCQB: SMREF) ("Sun Summit" or the "Company") is pleased to announce it has received confirmation from the British Columbia Ministry of Mining and Critical Minerals that 5 new mineral claims (collectively, the "Orbit Project") totaling 6,595... Keep Reading...
Red Metal Signs Mining Agreement at Carrizal IOCG Project

Red Metal Signs Mining Agreement at Carrizal IOCG Project

Red Metal Resources Ltd. (CSE: RMES,OTC:RMESF) (OTC Pink: RMESF) (FSE: I660) ("Red Metal" or the "Company") is pleased to announce that its wholly owned Chilean subsidiary, Minera Polymet SpA ("Polymet"), has leased the mining rights for its 100%-owned Farellon 18 mineral concession, part of the... Keep Reading...
Trading Halt

Trading Halt

Augustus Minerals (AUG:AU) has announced Trading HaltDownload the PDF here. Keep Reading...

Interactive Chart

Latest Press Releases

Related News