Business
Barksdale Closes Final Tranche of C$6.325 Million Financing
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About this update from Barksdale Resources Corp.
[{"type":"text","content":"Barksdale Closes Final Tranche of C$6.325 Million FinancingTHIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESVANCOUVER, BC / ACCESSWIRE / October 2, 2020 / Barksdale Resources Corp. (\"Barksdale\" or the \"Company\") (TSXV:BRO)(OTCQB:BRKCF) is pleased to announce that it has closed the final tranche of the Company's $6,325,000 non-brokered private placement financing (\"Placement\").In the second and final tranche, the company raised proceeds of $525,000 through the sale of 1,381,579 units. Each unit consisted of one common share of the Company and ½ of one common share purchase warrant (each whole warrant a \"Warrant\"). Each Warrant entitles the holder to acquire an additional common share at an exercise price of C$0.55 for a period, subject to acceleration, of 24 months from closing of the Placement. The company raised a total of $6,325,000.20.The net proceeds from the Placement will be used to advance the Company's mineral projects, including San Javier, Sunnyside, and San Antonio, and for general corporate and working capital purposes. All shares issued under the final tranche are subject to a four month hold period expiring February 2, 2021.Barksdale Resources Corp. is a base metal exploration company headquartered in Vancouver, BC, that is focused on the acquisition, exploration and advancement of highly prospective base metal projects in North America.ON BEHALF OF BARKSDALE RESOURCES CORPRick TrotmanPresident, CEO and [email protected] Anne WelykiVice President of [email protected] more information please phone 778-238-2333, email [email protected] or visit www.BarksdaleResources.com.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes \"forward-looking information\" under applicable Canadian securities legislation. Such forward-looking information reflects management's current beliefs and are based on a number of estimates and assumptions made by and information currently available to the Company that, while considered reasonable, are subj...