Barksdale Closes Final Tranche of C$6.325 Million Financing
TS XV: BRO OTCQB : BRKCF
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DISSEMINATION IN THE UNITED STATES
Barksdale Closes Final Tranche of C$6.325 Million Financing
Vancouver, B.C. – October 2 , 2020 - Barksdale Resources Corp. (“ Barksdale” or the “ Company”)
(TSXV: BRO) (OTCQB: BRKCF) is pleased to announce that it has closed the final tranche of the
Company’s $6,325,000 non-brokered private placement financing (“Placement”).
In the second and final tranche , the company raised proceeds of $525,000 through the sale of 1,381,579
units. Each unit consisted of one common share of the Company and ½ of one common share purchase
warrant (each whole warrant a “Warrant ”). Each Warrant entitles the holder to acquire an additional
common share at an exercise price of C$0.55 for a period, subject to acceleration, of 24 months from
closing of the Placement. The company raised a total of $6,325,000.20.
The net proceeds fro m the Placement will be used to advance t he Company’s mineral projects, including
San Javier, Sunnyside, and San Antonio, and for general corporate and working capital purposes. All
shares issued under the final tranche are subject to a four month hold period expiring February 2, 2021.
Barksdale Resources Corp. is a base metal exploration company headquartered in Vancouver, BC, that is
focused on the acquisition, exploration and advancement of highly prospective base metal projects in North
America.
ON BEHALF OF BARKSDALE RESOURCES CORP
Rick Trotman
President, CEO and Director
Terri Anne Welyki
Vice President of Communications
778-238-2333
For more information please phone 778-238-2333, email [email protected] or visit
www.BarksdaleResources.com.
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 INFORMATION: This news release
includes “forward-looking information” under applicable Canadian securities legislation. Such forward-
looking information reflects management’s current beliefs and are based on a number of estimates and
TS XV: BRO OTCQB : BRKCF
assumptions made by and information currently available to the Company that, while considered
reasonable, are subject to known and unknown ri sks, 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. Readers are cautioned that such forward- looking information are neither pro mises
nor guarantees, and are subject to known and unknown risks and uncertainties including, but not limited to,
general business, economic, competitive, political and social uncertainties, uncertain and volatile equity
and capital markets, lack of available capital, actual results of exploration activities, environmental risks,
future prices of base and other metals, operating risks, accidents, labor issues, delays in obtaining
governmental approvals and permits, and other risks in the mining industry. I n addition, there is
uncertainty about the spread of COVID-19 and the impact it will have on the Company’s operations, supply
chains, ability to access mineral properties including San Javier, conduct due diligence or procure
equipment, contractors and other personnel on a timely basis or at all and economic activity in general. All
forward-looking information contained in this news release is qualified by these cautionary statements and
those in our continuous disclosure filings available on SEDAR at www.sedar.com . 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.
THIS NEWS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES,
AND DOES NOT CONSTITUTE AN OFFER TO SELL SECURITIES AND THE COMPANY IS NOT
SOLICITING AN OFFER TO BUY THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES
HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS
AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN
THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.