Badlands Announces $2,000,000 Non-Brokered Private Placement

Executive Summary

• Badlands Resources Inc. announced a non‑brokered private placement of up to 13,333,334 units at $0.15 per unit, targeting gross proceeds of up to $2 million.
• Each unit consists of one common share and one transferable warrant exercisable at $0.25 per share for two years.
• Net proceeds are earmarked to extinguish debt, fund exploration on existing properties, acquire new properties, and provide general working capital.

Key Details

• Units Offered: Up to 13,333,334 units.
• Issue Price: $0.15 per unit.
• Total Gross Proceeds Target: Up to $2,000,000.
• Unit Composition: 1 common share + 1 transferable warrant.
• Warrant Terms: Exercise price $0.25 per share; exercisable for two years from issuance.
• Hold Period: Securities subject to a hold period of four months and one day from the issue date.
• Use of Proceeds:
• Debt extinguishment.
• Exploration work on existing properties.
• Acquisition of new properties.
• General working capital.
• Closing Conditions: Subject to TSXV approval and other regulatory approvals; anticipated closing in one or more tranches as soon as practicable.
• Finders’ Fees: May be payable per TSX Venture Exchange policies.

Notable Quotes

• “We intend to use the net proceeds of the Placement to extinguish debt, for exploration work on the Company's exploration properties, for new property acquisitions and for general working capital.” – R. Dale Ginn, President and CEO

Materiality Assessment: Material – Positive (the financing provides significant capital for debt reduction and growth initiatives).