Barksdale Announces $5 Million Private Placement to Advance Sunnyside Exploration Towards 67.5% Ownership and Welcomes Christina McCarthy to the Board

Core Viewpoint - Barksdale Resources Corp. plans to raise $5,000,000 through a private placement of common share units to fund its Phase II drill program and other corporate expenses [2][4]. Group 1: Financing Details - The offering consists of up to approximately 55,555,555 common share units priced at $0.09 per unit, aiming for gross proceeds of approximately $5,000,000 [2]. - Each unit includes one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at an exercise price of $0.15 for two years [3]. - Medalist Capital Advisors Inc. has been engaged as exclusive finders for the offering, with a 6% commission payable in units [5]. Group 2: Project and Use of Proceeds - Proceeds will be used for the Phase II drill campaign, payment to Great Basin Metals Inc., ongoing corporate expenses, and funding for geochemical and geophysical projects under review for the Sunnyside and San Javier projects [4]. - The Phase II drill program will involve a 25,000-foot (7,620 meters) drilling campaign at the Sunnyside project in Arizona, scheduled to begin in February and take two to three months to complete [8][9]. Group 3: Board Appointment - Christina McCarthy has been appointed as the newest independent board member, bringing over 18 years of experience in resource capital markets and corporate development [6][7]. - Her expertise is expected to assist the board in navigating strategic options and exploring the Sunnyside Project further [8]. Group 4: Company Mission and Focus - Barksdale aims to drive long-term shareholder value through the acquisition, exploration, and advancement of high-quality critical, base, and precious metal projects across the Americas [10]. - The company focuses on metals essential for the global energy transition, particularly copper, zinc, and other critical minerals [11].