Barksdale Closes Final Tranche of C$1.85 Million Financing
BRO: TSXV BRKCF: OTCQB
Barksdale Closes Final Tranche of C$1.85 Million Financing
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
Vancouver, B.C. – July 22, 2019 - Barksdale Capital Corp. (“Barksdale” or the
“Company”) (TSXV: BRO) (OTCQB: BRKCF) is pleased to announce that it has closed
the final tranche of the non-brokered private placement financing announced June
11, 2019 (“Placement”). Under the final tranche, Barksdale issued 606,928 common
shares of the Company to Osisko Gold Royalties Inc (“Osisko”) for gross proceeds of
C$279,186.88.
The net proceeds from the Placement will be used to advance the Company’s mineral
projects, including the Sunnysid e project, and for general corporate and working
capital purposes. All shares issued under the final tranche are subject to a four month
hold period expiring November 20, 2019. No fees were paid in connection with the
financing.
Barksdale Capital Corp. is a base metal exploration company headquartered in
Vancouver, BC, that is focused on the acquisition and exploration of highly
prospective base metal projects in the United S tates. Barksdale’s portfolio of assets
is located within a world -class base metal district in southern Arizona and is
surrounded by some of the world’s largest mining companies.
ON BEHALF OF BARKSDALE CAPITAL CORP
Rick Trotman
President, CEO and Director
604-398-5385
Terri Anne Welyki
Vice President of Communications
778-238-2333
For more information please phone 604-398-5385, email
[email protected] or visit www.BarksdaleCapital.com.
BRO: TSXV BRKCF: OTCQB
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts respon sibility 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 including, but not limited to, the anticipated use of proceeds therefrom, the results
of the permitting process, the proposed exploration program on and potential mineralization
associated with the Sunnyside project and the potential relationship between the Sunnyside
project and the adjacent Taylor -Hermosa base metal system. Such forward -looking
information reflects management’s current beliefs and are 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 are neither promises nor guarantee s, 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 metals, operating risks, accidents, labor issues, delays in obtaining
governmental approvals and permits, and other risks in the mining industry. 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 f orward-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. THES E 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.