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

Core Points - Badlands Resources Inc. plans to complete a non-brokered private placement of up to 13,333,334 units at an issue price of $0.15 per unit, aiming for total gross proceeds of up to $2,000,000 [1][2] - Each unit will consist of one common share and one transferable share purchase warrant, with each warrant exercisable to acquire one additional share at a price of $0.25 for two years [1] - The net proceeds from the placement will be used to extinguish debt, fund exploration work, acquire new properties, and for general working capital [2] Regulatory and Approval Aspects - The completion of the placement is subject to the approval of the TSX Venture Exchange, with the company anticipating closing as soon as practicable [3] - All securities issued will be subject to a hold period of four months and one day from the date of issue [2] Additional Information - Finders' fees may be applicable on all or part of the placement in accordance with TSXV policies [2] - The company emphasizes that this news release does not constitute an offer to sell securities in the United States, as the securities will not be registered under the U.S. Securities Act [4][7]