Business
Barksdale Announces $5 Million Private Placement to Advance Sunnyside Exploration Towards 67.5% Ownership and Welcomes Christina McCarthy to the Board
NOTE: All figures are in Canadian Dollars unless otherwise stated.Vancouver, British Columbia--(Newsfile Corp. - January 21, 2026) - Barksdale Resources Corp. (TSXV: BRO) (OTCQB: BRKCF) (FSE: 2NZ) ("Barksdale" or the "Company") announces plans to raise $5,000,000 on a private placement basis consisting of up to approximately 55,555,555 common share units in the capital of the Company (the "Units") at a price of $0.09 per Unit (the "Issue Price") for gross proceeds of approximately of $5,000,000.
About this update from Barksdale Resources Corp.
[{"type":"text","content":"NOTE: All figures are in Canadian Dollars unless otherwise stated.","length":66,"tagName":"p"},{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - January 21, 2026) - Barksdale Resources Corp. (TSXV: BRO) (OTCQB: BRKCF) (FSE: 2NZ) ("Barksdale" or the "Company") announces plans to raise $5,000,000 on a private placement basis consisting of up to approximately 55,555,555 common share units in the capital of the Company (the "Units") at a price of $0.09 per Unit (the "Issue Price") for gross proceeds of approximately of $5,000,000 (the "Offering").","length":511,"tagName":"p"},{"type":"text","content":"Each Unit will be comprised of one common share of the Company and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one common share of the Company at an exercise price of $0.15 for a period of two (2) years following the closing of the Offering.","length":367,"tagName":"p"},{"type":"text","content":""Barksdale is truly grateful for the strong support of our shareholders as we move into the New Year," said Barksdale CEO Wiiliam Wulftange. "Following completion of the Phase II drill program and achieving 67.5% ownership of the Sunnyside project, Barksdale will return our focus to testing and defining the extension(s) of the Peake Deposit onto the Sunnyside Property."","length":392,"tagName":"p"},{"type":"text","content":"Use of proceeds include funding for and completion of the Phase ll drill campaign, funds to cover the Phase II earn-in payment to Great Basin Metals Inc., on-going corporate expenses and funding towards geochemical and/or geophysical projects currently under review for the Sunnyside and San Javier projects.","length":308,"tagName":"p"},{"type":"text","content":"The Company has engaged Medalist Capital Advisors Inc. (the "Finders") as exclusive finders to assist with the Offering. The Company has agreed to pay a 6% commission payable in units having a deemed price of $0.09 per common share with a one-half common share purchase warrant with an exercise price of $0.15 in relation to this offering.","length":349,"tagName":"p"},{"type":"text","content":"Board Appoints New MemberThe Barksdale Boa...