Barksdale Clarifies Amendment to Certain Outstanding Warrants Held by Delbrook Capital Funds NOTE: All finances in Canadian Dollars
Barksdale Clarifies Amendment to Certain
Outstanding Warrants Held by Delbrook
Capital Funds
NOTE: All finances in Canadian Dollars unless otherwise stated.
Vancouver, British Columbia--(Newsfile Corp. - February 20, 2026) - Barksdale Resources
Corp. (TSXV: BRO) (OTCQB: BRKCF) (FSE: 2NZ) ("
Barksdale
" or the "
Company
") clarifies its news
release dated January 20, 2026 (the "
January News Release
") that announced the completion of
amendments, pursuant to an extension and amendment agreement (the "
Extension and Amendment
Agreement
"), to the terms of its secured convertible debentures and associated warrants held by
investment funds (the "
Delbrook Capital Funds
") managed by Delbrook Capital Advisors Inc.
("
Delbrook
") (the "
Amendments
").
In connection with the Amendments, the Company agreed to extend the expiry date of 7,500,000
common share purchase warrants (the "
Warrants
") previously issued to the Delbrook Capital Funds
from December 31, 2027, to December 31, 2028.
The Company reports that, of the 7,500,000 Warrants originally issued, 4,000,000 Warrants were
exercised in October 2025 prior to the execution of the Extension and Amendment Agreement.
Accordingly, only 3,500,000 Warrants remain outstanding, and the expiry date of such 3,500,000
outstanding Warrants has been extended from December 31, 2027, to December 31, 2028 (the
"
Warrant Extension
"). The January News Release referenced an extension of all 7,500,000 Warrants;
however, only 3,500,000 outstanding Warrants shall be subject to the Warrant Extension.
Other than the Amendments and the Warrant Extension described above, all remaining material terms
and conditions of the Convertible Debentures and the Warrants remain in full force and effect.
The foregoing transaction is considered to be a "related party transaction" as defined under Multilateral
Instrument 61-101 -
Protection of Minority Security Holders in Special Transactions
("
MI 61-101
"). The
Company has relied on exemptions from the formal valuation and minority shareholder approval
requirements of MI 61-101 and the TSX Venture Exchange as the fair market value of the securities
does not exceed 25% of the Company's market capitalization.
About Barksdale Resources Corp.
At Barksdale, our mission is to drive long-term shareholder value through the strategic acquisition,
exploration, and advancement of high-quality critical, base, and precious metal projects across the
Americas.
We are focused on the metals essential to the global energy transition and modern infrastructure-
particularly copper, zinc, and other critical minerals-at a time when secure, domestic and regional
sources are more important than ever.
With a sharp focus on critical metals and a commitment to responsible growth, Barksdale is positioned
to play a key role in meeting tomorrow's resource needs.
On Behalf of Barksdale Resources Corp.
William Wulftange
Chief Executive Officer and Director
604-398-5385
Ira M. Gostin
Investor Relations
604-398-5385 x3
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
Cautionary Statement Regarding Forward-Looking Statements
This news release contains certain "forward-looking information" and "forward-looking statements"
(collectively "forward-looking statements") within the meaning of applicable securities legislation.
Forward-looking statements are frequently, but not always, identified by words such as "expects",
"anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or
statements that events, conditions, or results "will", "may", "could", or" should" occur or be achieved. All
statements, other than statements of historical fact are forward-looking statements. There can be no
assurance that such statements will prove to be accurate, and actual results and future events could differ
materially from those anticipated in such statements.
Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are
made and are based upon a number of assumptions and estimates that, while considered reasonable
by Barksdale, are inherently subject to significant business, economic, competitive, political and social
uncertainties and contingencies. Many factors, both known and unknown, could cause actual results,
performance or achievements to be materially different from the results, performance or achievements
that are or may be expressed or implied by such forward-looking statements and the Company has
made assumptions and estimates based on or related to many of these factors. All forward-looking
statements contained in this news release are qualified by these cautionary statements and those in the
Company's continuous disclosure filings available on SEDAR+ at
www.sedarplus.ca
. Readers should
not place undue reliance on the forward-looking statements contained in this news release concerning
these items. Barksdale does not assume any obligation to update the forward-looking statements of
beliefs, opinions, projections, or other factors, should they change, except as required by applicable
securities laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/284744