Barksdale Finalizes Option Agreement for San Javier
TSXV: BRO OTCQB: BRKCF
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES
Barksdale Finalizes Option Agreement for San Javier
Vancouver, B.C. – September 24, 2020 - Barksdale Resources Corp. (“Barksdale” or the “ Company”)
(TSXV: BRO) (OTCQB: BRKCF) announces it has signed a definitive option agreement (“Definitive
Agreement”) with Tusk Exploration Ltd that formalizes the terms agreed to in the binding letter agreement
dated August 5, 20 20, to acquire the San Javier del Cobre project in Sonora, Mexico (“Transaction”) as
previously announced on August 6 and September 16, 2020.
With the execution of the Definitive Agreement, the Company anticipates closing the private placement
financing announced on August 6 and upsized on September 1 (“Offering”), as well as the Transaction , on
or about September 29, 2020. The Offering and Transaction remain subject to customary closing conditions
and acceptance of the TSX Venture Exchange.
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 778-558-7145, email [email protected] or visit
www.BarksdaleResources.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term i s 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 app licable Canadian securities legislation including, but
not limited to, the anticipated closing date for the Offering and San Javier Transaction. Such forward-
looking information reflects management’s current beliefs and are based on a number of estimates and
TSXV: 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. Th ere are no assurances that
the Company will successfully complete the acquisition of San Javier or the Offering on the terms
contemplated or at all. In 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, 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 B Y 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.