Barker Minerals Ltd. (TSXV:BML) announced a non-brokered private placement of 5,000,000 units at CAD 0.05 per unit for gross proceeds of CAD 250,000 on February 17, 2014. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share at CAD 0.05 per share for the first and second year, and CAD 0.10 per share in the third, fourth, and fifth year.

Insiders of the company may participate in the transaction. The transaction is subject to the approval of TSX Venture Exchange. All securities to be issued will have a hold period of four months.