Barksdale Resources Corp. announced a non-brokered private placement of secured convertible promissory notes on March 1, 2024.
On the same day, the company announced that it has raised CAD 1,925,000 in its first tranche closing. The note is convertible into common shares at a conversion price of CAD 0.05 per common share during the term. The company expects to close any additional tranches of the offering in March 2024. All securities issued pursuant to the Offering are subject to a statutory four-month and one day hold period from the date of issuance pursuant to applicable securities laws of Canada.