Barksdale arranges $953,780 private placement

Executive Summary

• Barksdale Resources Corp. is raising approximately $954 k through a private placement of 8,478,049 common share units at $0.1125 per unit.
• Each unit includes one common share and half of a purchase warrant (exercise price $0.15, two‑year term).
• The company will make a cash equalization payment of $0.0225 per unit ($190,756.10) to the strategic investor Crescat Capital LLC.

Key Details

• Total gross proceeds: $953,780.51 (≈ $954 k).
• Units offered: 8,478,049 common share units.
• Price per unit: $0.1125.
• Unit composition: 1 common share + ½ warrant.
• Warrant terms: Right to purchase one additional common share at $0.15 per share; exercisable for two years after closing.
• Cash equalization payment to Crescat: $0.0225 per unit, totaling $190,756.10.
• Use of proceeds: To finance continuing corporate expenses.
• Investor participation: Crescat Capital LLC was entitled to the nine‑cent offering but the offering was fully subscribed; no allocation remained for Crescat.

Notable Quotes

(No executive quotes were provided in the release.)