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Barksdale Announces Repricing of Crescat Private Placement
TMX Newsfile· 2026-03-14 00:06
Core Viewpoint - Barksdale Resources Corp. is repricing its private placement with Crescat Capital LLC, resulting in gross proceeds of $763,024.41 from the sale of 8,478,049 common share units priced at $0.09 per unit [2][3]. Group 1: Private Placement Details - The private placement consists of units that include one common share and one-half of a common share purchase warrant, with each warrant allowing the purchase of one common share at an exercise price of $0.15 for two years [3]. - The proceeds from the offering will be used to fund ongoing corporate expenses [3]. - This news release supersedes previous announcements regarding the private placement made on March 10, 2026, and February 11, 2026 [4]. Group 2: Related Party Transaction - Crescat's participation in the offering is classified as a "related party transaction" under Multilateral Instrument 61-101, but it is exempt from formal valuation and minority shareholder approval requirements as the value does not exceed 25% of the company's market capitalization [5]. Group 3: 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 [7]. - The company focuses on metals essential for the 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].
Barksdale Announces $950,000 Private Placement
TMX Newsfile· 2026-03-11 02:28
Core Viewpoint - Barksdale Resources Corp. plans to raise $953,780.51 through a private placement of 8,478,049 common share units at a price of $0.1125 per unit, with proceeds aimed at funding ongoing corporate expenses [2][3]. Company Overview - Barksdale Resources Corp. focuses on the strategic acquisition, exploration, and advancement of high-quality critical, base, and precious metal projects across the Americas, particularly in copper, zinc, and other critical minerals essential for the global energy transition [6][7]. - The company aims to drive long-term shareholder value and is positioned to meet future resource needs with a commitment to responsible growth [6][7]. Investment Details - Each unit in the private placement 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 following the offering [3]. - A cash equalization payment of $0.0225 per unit will be issued to Crescat Capital LLC, totaling $190,756.10, as Crescat was unable to participate in a previous offering due to full subscription [4]. Strategic Investor - Crescat Capital LLC is a value-driven asset management firm that focuses on exploration-focused mining companies, aiming to create new economic metal deposits in viable mining jurisdictions globally [5].