Barksdale Announces Closing of $5 Million Private Placement to Advance Sunnyside Exploration Towards 67.5% Ownership

Core Viewpoint - Barksdale Resources Corp. has successfully closed a private placement, raising approximately CAD 5 million to fund its ongoing projects and corporate expenses [1][2]. Group 1: Private Placement Details - The company closed a private placement of 55,545,744 units at a price of CAD 0.09 per unit, resulting in gross proceeds of CAD 4,999,117 [1]. - Each unit consists of 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 CAD 0.15 until February 19, 2028 [1][3]. - The offering is subject to a statutory hold period expiring on June 20, 2026, and requires final acceptance from the TSX Venture Exchange [4]. Group 2: Use of Proceeds - The funds raised will support the Phase II drill campaign at the Sunnyside project, cover the Phase II earn-in payment to Great Basin Metals Inc., and finance ongoing corporate expenses and geochemical/geophysical projects under review for the Sunnyside and San Javier projects [2]. Group 3: Finder and Advisory Fees - Medalist Capital Advisors Inc. was engaged as the exclusive finder for the offering, receiving a 6% commission in the form of 1,434,780 finder’s units [3]. - An advisory fee was also paid to Medalist Capital Ltd. in the form of 1,560,000 units, with both finder’s and advisor’s units structured similarly to the units sold in the offering [3]. Group 4: Insider Participation - Certain insiders participated in the offering, which is classified as a "related party transaction" but is exempt from formal valuation and minority shareholder approval requirements due to the transaction's size relative to the company's market capitalization [5]. - The offering was unanimously approved by the company's Board of Directors [5]. Group 5: Future Plans - The company plans to raise an additional CAD 932,585 through a private placement with Crescat Capital LLC, issuing 8,478,049 units at CAD 0.11 per unit [6]. - Each investor unit will also consist of one common share and one-half of a common share purchase warrant, with similar terms to the previous offering [6]. Group 6: Company Overview - Barksdale Resources Corp. aims to create long-term shareholder value through the acquisition, exploration, and advancement of high-quality critical, base, and precious metal projects across the Americas [8]. - The company focuses on metals essential for the global energy transition and modern infrastructure, particularly copper, zinc, and other critical minerals [8].