Badlands Provides Update Respecting Private Placement

Core Points - Badlands Resources Inc. is pursuing 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 consists of one common share and one transferable share purchase warrant, with each warrant exercisable at $0.25 for two years [1] - The company plans to complete the placement by January 7, 2026, subject to TSX Venture Exchange approval [1][3] Financial Details - The net proceeds from the placement will be used to extinguish debt, fund exploration work, acquire new properties, and for general working capital [2] - All securities issued will be subject to a hold period of four months and one day from the date of issue [2] Regulatory Aspects - Completion of the placement is contingent upon receiving all necessary regulatory approvals [3] - Finders' fees may be applicable in accordance with TSXV policies [2]