Barksdale Resources reprices financing with Crescat

Executive Summary

• Barksdale Resources Corp. has repriced its private placement with strategic investor Crescat Capital LLC due to recent market price changes.
• The repriced offering consists of 8,478,049 common share units priced at $0.09 per unit, generating gross proceeds of $763,024.41.
• This release supersedes previous private placement announcements from February and March 2026.

Key Details

• Transaction Structure: Private placement of 8,478,049 common share units.
• Price: $0.09 per unit.
• Gross Proceeds: $763,024.41.
• Unit Composition: Each unit comprises one common share and one-half of one common share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to purchase one common share at an exercise price of $0.15 for a period of two years from the date of issuance.
• Finder's Fees: No finder's fee is payable in connection with the private placement.
• Use of Proceeds: Financing for continuing corporate expenses.
• Related Party Transaction: Crescat's participation constitutes a related party transaction under Multilateral Instrument 61-101.
• Exemptions: The transaction is exempt from formal valuation and minority shareholder approval requirements because neither the fair market value of the securities nor the consideration exceeds 25% of the company's market capitalization.
• Superseded Releases: This release supersedes news releases dated March 10, 2026, and February 11, 2026.