Barksdale Acquires Option over Four Metals Property, Santa CRUZ County, Arizona
BARKSDALE ACQUIRES OPTION OVER FOUR METALS PROPERTY,
SANTA CRUZ COUNTY, ARIZONA
March 1 , 2018 – Vancouver, B.C. – Barksdale Capital Corp. (TSX -V: BRO) (“ Barksdale” or the
“Company”) is pleased to announce that it has entered into a binding letter agreement to acquire, by way
of option (the “Option”), a 100% undivided interest in the Four Metals property (“Four Metals”) located
in Santa Cruz County, Arizona.
Rick Trotman, Barksdale’s President and CEO commented: “ Four Metals is a strategic acquisit ion that
further expands Barksdale’s holdings within the Patagonia Mountains . As we continue to advance our
flagship Sunnyside property to drill-ready status the team at Barksdale will continue to add value for our
shareholders by further consolidating this world-class base metal district.”
Four Metals consists of a contiguous
block of 40 unpatented lode claims
(804 acres) located approximately
3km south of Sunnyside (Figure 1).
The property is an exploration stage
asset that has seen episodic periods
of small scale copper mining (1860’s
– 1920’s) along with successive
periods of exploration drilling
(1920’s to early 2010’s). Previous
underground and surface exploration
drilling has outlined a copper -
molybdenum deposit , hosted within
a mineralized breccia pipe, which
has been tested from surface to
approximately 180 meters depth and
remains open in multiple directions.
All the unpatented load claims at
both Four Metals and Sunnyside are
located on public lands administered
by the US Forest Service.
Option Terms
To exercise the Option and acquire
100% ownership of Four Metals,
Barksdale must make option
payments totaling US$450,000 (the
“Option Payments ”) to MinQuest
Ltd (“Minquest”) in cash and common shares of Barksdale (based on the market price of the Company’s
shares at the time of issue) over a period of five years as follows:
Figure 1. Barksdale's properties in Santa Cruz County, Arizona.
Date Total Option
Payment Due
Portion of Option
Payment Payable in
Cash
Portion of Option
Payment Payable in
Shares
Upon execution of
formal Option
Agreement
US$25,000 US$25,000 N/A
First anniversary of
Option Agreement US$50,000 US$25,000 US$25,000
Second anniversary
of Option Agreement US$50,000 US$25,000 US$25,000
Third anniversary of
Option Agreement US$50,000 US$25,000 US$25,000
Fourth anniversary of
Option Agreement US$50,000 US$25,000 US$25,000
Fifth anniversary of
Option Agreement US$225,000 US$100,000 US$125,000
TOTAL US$450,000 US$225,000 US$225,000
In addition, Barksdale has agreed to reimburse MinQuest for certain 2017/2018 land holding costs on Four
Metals in the aggregate amount of US$6,215.
The Option is subject to the Company completing a satisfactory confirmation due diligence and title review
of Four Metals and acceptance of the TSX Venture Exchange. Execution of a formal option agreement and
closing of the transaction is scheduled to take place on or about March 15, 2018.
Lewis Teal, Barksdale’s project manager and a “qualified person” as defined by NI 43 -101, Standards of
Disclosure for Mineral Projects is responsible for approving the scientific and technical information
regarding Four Metals contained in this news release.
ABOUT BARKSDALE CAPITAL CORP. – Barksdale Capital Corp. is focused on the acquisition and
exploration of highly prospective precious and base metal projects in the United States.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news
release.
On behalf of the Board of Directors of Barksdale Capital Corp.,
“Rick Trotman”
Rick Trotman
President and Chief Executive Officer
FOR FURTHER INFORMATION PLEASE CONTACT:
Rick Trotman, President and Chief Executive Officer
Tel: 720-447-7705
Email: [email protected]
CAUTIONARY STATEMENT REGARDING FORWARD -LOOKING INFORMATION: This news release
includes certain “forward -looking information” under applicable Canadian securities legislation
including, but not limited to, the expected closing date for the Option and the Company’s initial plans for
Four Metals. Forward-looking information is necessarily based upon a number of estimates and assumptions
that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors
which may cause the actual results and future events to differ materially from those expressed or implied
by such forward-looking information. Accordingly, readers should not place undue reliance on forward -
looking information. The Company disclaims any intention or obligation to update or revise any forward-
looking information, whether as a result of new information, future events or otherwise, except as required
by law.