Barksdale Resources Corp. announced a best effort private placement for issuance of 5,000,000 common share units at a price of CAD 0.40 per unit for gross proceeds of CAD 2,000,000 on December 20, 2023. Each unit will be composed of one common share and one-half of one common share purchase warrant.

Each warrant will entitle the holder thereof to purchase one common share at an exercise price of CAD 0.60 for a period of three years following the closing of the offering. The company shall pay a cash commission and broker warrants exercisable at the issue price for a term of three years. The offering is expected to close on or about December 29, 2023, or such other date as the company and the agent may agree, and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the acceptance of the TSX Venture Exchange.