Badlands Announces $2,200,000 Non-Brokered Private Placement

Core Points - Badlands Resources Inc. plans to complete a non-brokered private placement of up to 14,666,667 units at an issue price of $0.15 per unit, aiming for total gross proceeds of up to $2,200,000 [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][2] - The company will use the net proceeds for debt extinguishment, exploration work, new property acquisitions, and general working capital [2] Regulatory and Approval Aspects - The completion of the placement is subject to approval from the TSX Venture Exchange [3] - The company anticipates closing the placement as soon as practicable, pending necessary regulatory approvals [3] Securities and Hold Period - All securities issued under the placement will be subject to a hold period expiring four months and one day from the date of issue [2] - Finders' fees may be payable on all or a portion of the placement in accordance with TSXV policies [2]