Barksdale Announces $930,000 Private Placement

Company Overview - Barksdale Resources Corp. aims to drive long-term shareholder value through the strategic acquisition, exploration, and advancement of high-quality critical, base, and precious metal projects across the Americas [6] - The company focuses on metals essential to the global energy transition and modern infrastructure, particularly copper, zinc, and other critical minerals [6] Investment and Financing - Barksdale plans to raise $932,585 through a private placement by Crescat Capital LLC, consisting of 8,478,049 common share units at a price of $0.11 per unit [2][3] - Each unit will include 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 following the offering [3] - The proceeds from this offering will be used to fund the company's drilling program at the Sunnyside project [3] Crescat Capital LLC - Crescat is a value-driven asset management firm with a focus on helping exploration-focused mining companies create new economic metal deposits [5] - The firm employs a mix of asset classes and strategies, including Global Macro, Long/Short, and Precious Metals funds, to meet clients' unique needs [5] Cash Equalization Payment - The company will issue a cash equalization payment of $0.02 per unit to Crescat, totaling $169,561 [4]