Business
Barksdale Resources Provides Corporate Update
VANCOUVER, BC / ACCESSWIRE / June 17, 2021 / Barksdale Resources Corp. ("Barksdale" or the "Company") (TSXV:BRO) (OTCQX:BRKCF) is pleased to provide the followi
About this update from Barksdale Resources Corp.
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / June 17, 2021 / Barksdale Resources Corp. (\"Barksdale\" or the \"Company\") (TSXV:BRO) (OTCQX:BRKCF) is pleased to provide the following updates to shareholders. The Company announced on May 12, 2021, that it had executed a definitive agreement with Regal Resources Inc., (\"Regal\") whereby Barksdale will consolidate a 100% interest in the Sunnyside project, located in Santa Cruz County, Arizona, USA (the \"Transaction\"). The Company has been informed by Regal that its management information circular for the special meeting of Regal shareholders (\"Shareholder Meeting\") related to the Transaction has been uploaded to Regal's SEDAR profile at www.sedar.com. The Shareholder Meeting is scheduled for 10:00AM (Pacific Time) on Wednesday July 7, 2021. The Transaction is subject to regulatory approval as well as approval by Regal shareholders. The board of directors of Regal has determined that the proposed Transaction is in the best interests of Regal, is fair to its shareholders and is recommending that shareholders of Regal vote in favor of the proposed Transaction. Further to the Company's news release of June 17, 2020, the Company has decided to proceed with its option to acquire a 100% interest in the Guajalote patented mining claim, which is located within close proximity to the Company's projects in Arizona and is surrounded by South32's Hermosa project. To exercise its option, the Company has issued a total of 100,138 common shares with a deemed value of US $50,000 to the Optionors. All shares issued to the Optionors are subject to a four month hold period, which expires October 11, 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. Barksdale is currently advancing the Sunnyside copper-zinc-lead-silver and San Antonio copper projects, both of which are in Patagonia mining district of southern Arizona, as well as the San Javier copper-gold project in central Sonora, Mexico. ON BEHALF OF BARKSDALE RESOURCES CORP Rick TrotmanPresident, CEO and [email protected] Terri Anne WelykiVice President of [email protected] For more information please phone 778-238-2333, email inf...