Badlands Provides Update Respecting Private Placement

Executive Summary

• Badlands Resources Inc. re‑announces its non‑brokered private placement of up to 14,666,667 units at $0.15 per unit, targeting gross proceeds of up to $2.2 million.
• Each unit consists of one common share and one transferable warrant exercisable at $0.25 per share for two years; securities are subject to a hold period of four months and one day.
• Net proceeds are earmarked to extinguish debt, fund exploration on existing properties, acquire new properties, and provide general working capital.

Key Details

• Placement Size: Up to 14,666,667 units (each = 1 common share + 1 warrant).
• Issue Price: $0.15 per unit → Maximum gross proceeds of $2,200,000.
• Warrant Terms: One‑share warrant per unit, exercisable at $0.25 per share, valid for two years from issuance.
• Hold Period: Securities may not be sold or transferred until four months and one day after the issue date.
• Closing Timeline: Anticipated completion on or before January 7 2026, potentially in multiple tranches.
• Use of Proceeds:
• Debt repayment.
• Exploration activities on existing Badlands properties.
• Acquisition of additional mineral property assets.
• General working‑capital needs.
• Regulatory Conditions: Closing subject to TSX Venture Exchange approval and other required regulatory consents.
• Finders’ Fees: May be payable in accordance with TSXV policies.
• Forward‑Looking Statements: Includes expectations regarding placement completion, regulatory approvals, and use of proceeds; subject to risks and uncertainties typical for early‑stage mining companies.

Notable Quotes

(No direct quotes were provided in the release.)