Barksdale Announces Closing of Crescat Private Placement

Executive Summary

• Barksdale Resources Corp. closed a private placement with Crescat Capital LLC for 8,478,049 common share units at $0.09 per unit, generating gross proceeds of $763,024.41 CAD.
• Each unit consists of one common share and half of a common‑share purchase warrant; the warrants allow purchase of additional shares at $0.15 for two years.
• Proceeds are earmarked to fund ongoing corporate expenses; the transaction qualifies as a related‑party exemption under MI 61‑101.

Key Details

• Units sold: 8,478,049 common share units
• Price per unit: $0.09 CAD
• Gross proceeds: $763,024.41 CAD
• Unit composition: 1 common share + ½ common‑share purchase warrant (full warrant = right to buy 1 share at $0.15)
• Warrant terms: Exercise price $0.15 per share; exercisable for a period of two (2) years from issuance
• Finder’s fee: None payable
• Related‑party status: Crescat’s participation is exempt from MI 61‑101 valuation and minority‑shareholder approval thresholds (acquisition <25% market cap)
• Use of proceeds: Funding for ongoing corporate expenses (operational, working capital, etc.)
• Statutory hold period: Securities subject to a hold period expiring four months and one day after issuance

Notable Quotes

• “We are pleased to have secured this strategic investment from Crescat Capital, which will support our continued exploration and development activities across critical metal projects.” – William Wulftange, CEO & Director, Barksdale Resources Corp.