Barksdale Announces Repricing of Crescat Private Placement

Executive Summary

• Barksdale Resources Corp. is repricing its private placement with Crescat Capital LLC to $0.09 per unit, targeting gross proceeds of approximately C$763,024.
• Each unit consists of one common share and half of a common‑share purchase warrant (exercise price $0.15, two‑year term).
• Proceeds will be used for ongoing corporate expenses; the transaction is exempt from MI 61‑101 minority‑shareholder approval requirements.

Key Details

• Units Offered: 8,478,049 common share units.
• Pricing: $0.09 per unit (C$0.09).
• Gross Proceeds: C$763,024.41.
• Unit Composition: 1 common share + ½ warrant per unit.
• Warrant Terms: Right to purchase one common share at $0.15 exercise price; exercisable for two years from issuance.
• Finder’s Fee: None payable in connection with the private placement.
• Use of Proceeds: Funding ongoing corporate expenses.
• Related Party Transaction: Crescat’s participation qualifies as a related‑party transaction but is exempt from formal valuation and minority‑shareholder approval because neither the securities’ fair market value nor consideration exceeds 25 % of Barksdale’s market capitalization.
• Supersession: This release supersedes prior private placement announcements dated March 10, 2026 and February 11, 2026.

Notable Quotes

(No CEO/President quotes were included in the release.)