Barksdale Announces Closing of Crescat Private Placement

About this update from Barksdale Resources Corp.

Barksdale Announces Closing of Crescat Private PlacementNOTE: All figures are in Canadian Dollars unless otherwise stated.Vancouver, British Columbia--(Newsfile Corp. - March 19, 2026) - Barksdale Resources Corp. (TSXV: BRO) (OTCQB: BRKCF) (FSE: 2NZ) ("Barksdale" or the "Company") is pleased to announce the closing of its private placement with Crescat Capital LLC ("Crescat"), a strategic investor in Barksdale, consisting of 8,478,049 common share units in the capital of the Company (the "Units") which were priced at $0.09 per Unit for gross proceeds of $763,024.41 (the "Offering"). Each Unit comprised 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 entitles 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. No finder's fee was payable in connection with the Offering.The Offering was initially announced by the Company in a news release on March 10, 2026. All securities issued or issuable in connection with the Offering are subject to a statutory hold period expiring four months and one day from the date of issuance. Use of proceeds includes funding for on-going corporate expenses.Crescat's participation in the Offering constituted a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities acquired by the insiders, nor the consideration for the securities paid by such insiders, exceeded 25% of the Company's market capitalization. About Crescat Capital LLCCrescat is a value-driven asset management firm with a global macro thematic overlay. The goal of its activist metals' strategy is to help exploration-focused mining companies create new economic metal deposits in viable mining jurisdictions around the world. The firm's investment process involves a mix of asset classes and strategies to assist with each client's unique needs and objectives and includes Global Macro, Long/Short, and Precious Metals funds.About Barksdale Resources Corp.At Barksdale, our mission is to drive long-term shareholder value through the strateg...

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