Barksdale Completes Option over Four Metals Property, Santa CRUZ County, Arizona; Grants Stock Option
BARKSDALE COMPLETES OPTION OVER FOUR METALS PROPERTY,
SANTA CRUZ COUNTY, ARIZONA; GRANTS STOCK OPTION
April 19, 2018 – Vancouver, B.C. – Barksdale Capital Corp. (TSX -V: BRO) (“ Barksdale” or the
“Company”) announces that it has entered into a definitive option agreement with MinQuest, Ltd. and
Allegiant Gold (U.S.) Ltd., a wholly -owned subsidiary of Allegiant Gold Ltd. (TSXV: AUAU) ( together
“Allegiant”) to acquire a 100% undivided interest in the Four Metals property (“Four Metals”) located in
Santa Cruz County, Arizona as initially announced on March 1, 2018.
Four Metals consists of a contiguous block of 40 unpatented lode claims ( 760 acres) strategically located
approximately 3km south of the Company’s Sunnyside project within the Patagonia Mountains of Arizona.
Previous underground and surface exploration drilling on 4 Metals 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.
Option Terms
To exercise the option, Barksdale must make option payments totaling US$450,000 (the “ Option
Payments”) to the MinQuest Ltd. and Allegiant on a 50/50 basis, 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:
Date Total Option
Payment Due
Portion of Option
Payment Payable in
Cash
Portion of Option
Payment Payable in
Shares
Upon execution
Option Agreement
(paid)
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 reimbursed the optionors for certain 2017/2018 land holding costs on Four
Metals totaling US$6,215.
The Company also announces the granting of a stock option to a director to purchase up to 100,000 common
shares of the Company at a price of $0.79 per share exercisable for a period of five years.
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 Servi ces 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 Company’s 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 materia lly 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 inform ation,
whether as a result of new information, future events or otherwise, except as required by law.