Barksdale Provides Debt Update
TSXV: BRO OTCQX: BRKCF
Barksdale Provides Debt Update
Vancouver, B.C. – July 30, 2021 - Barksdale Resources Corp. (“Barksdale” or the “Company”) (TSXV:
BRO) (OTCQX: BRKCF) would like to provide the following update. The TSX Venture Exchange is still
reviewing the filing documentation pertaining to an assignment of debt and security agreement (the
“Agreement”) dated May 11, 2021 between the Company , Denman Island Chocolate Ltd. (Daniel Terry)
(the “Assignor”) and Regal Resources Inc. (“Regal”), whereby the Company can acquire 100% of the
Assignor’s interest in a series of loan agreements between the Assignor and Regal (collectively, the
“Assigned Agreements”).
Under the terms of the Agreement, the Company will pay $1.0 million in cash (paid) and issue 1,345,310
shares in order to complete the assignment of the Assigned Agreements. Upon completion of the
assignment of the Assigned Agreements, the Company will hold a $1,725,000 secured demand loan (plus
any additional interest accrued since the date of execution of the Agreement) with Regal that accrues
interest at 8% per annum and is due on October 27, 2021.
For further details, please refer to the Company’s news releases dated May 12, 2021 and July 8, 2021. The
Company is looking forward to a timely conclusion to this matter.
Barksdale Resources Corp. is a base metal exploration company headquartered in Vancouver, B.C., that
is focused on the acquisition, exploration and advan cement of highly prospective base metal projects in
North America. Barksdale is currently advancing the Sunnyside copper -zinc-lead-silver and San Antonio
copper projects, both of which are in the Patagonia mining district of southern Arizona, as well as th e San
Javier copper-gold project in central Sonora, Mexico.
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.
TSXV: BRO OTCQX: BRKCF
CAUTIONARY STATEMENT REGARDING FORWARD -LOOKING INFORMATION: This news
release includes “forward -looking information” under applicable securities legislation
including, but not limited to, the Company’s plans for the continued advancement of the
Sunnyside project and use of funds following repayment of the Regal loan . Such forward -
looking information reflects management’s current beliefs and is based on a number of
estimates and assumptions made by and information currently available to the Company 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. Readers are cautioned that
such forward-looking information is neither a promise nor guarantee, and is subject to known
and unknown risks and uncertainties including, but not limited to, delays in obt aining
governmental or third party approvals and permits, actual results of exploration activities,
unanticipated geologic formations , structures and characteristics, environmental risks, future
prices of base and other metals, operating risks, accidents, labor issues, and other risks in
the mining industry as well as general business, economic, competitive, political and social
uncertainties, uncertain and volatile equity and capital markets and lack of available capital .
There are no assurances that the e xisting debt owed to the Company by Regal will be repaid
in a timely fashion in accordance with the terms thereof or at all. In addition, there is
uncertainty about the spread of COVID -19 and variants of concern and the impact they will
have on the Compan y’s operations, supply chains, ability to access mineral properties,
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.