Barksdale Announces Closing of Crescat Private Placement

Core Viewpoint - Barksdale Resources Corp. has successfully closed a private placement with Crescat Capital LLC, raising gross proceeds of $763,024.41 through the issuance of 8,478,049 common share units priced at $0.09 per unit [2][4]. Group 1: Offering Details - 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 $0.15 for two years [3]. - The offering was initially announced on March 10, 2026, and all securities are subject to a statutory hold period of four months and one day from issuance [4]. - No finder's fee was payable in connection with the offering [3]. Group 2: Crescat Capital's Role - Crescat's participation in the offering is classified as a "related party transaction" under Multilateral Instrument 61-101, exempting it from formal valuation and minority shareholder approval requirements [5]. - The value of securities acquired by insiders did not exceed 25% of the company's market capitalization, qualifying for the exemption [5]. Group 3: Company Overview - Barksdale Resources Corp. aims to enhance long-term shareholder value through strategic acquisition, exploration, and advancement of critical, base, and precious metal projects across the Americas [7]. - The company focuses on metals essential for global energy transition and modern infrastructure, particularly copper, zinc, and other critical minerals [7][8]. - Barksdale is positioned to play a significant role in meeting future resource needs with a commitment to responsible growth [8].