Barksdale Closes First Tranche of C$1.85 Million Financing
BRO:TSXV BRKCF:OTCQB
Barksdale Closes First 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. – June 14, 2019 - Barksdale Capital Corp. (“Barksdale” or the
“Company”) (TSXV: BRO) (OTCQB: BRKCF) is pleased to announce that it has closed
a first tranche of the non-brokered privat e placement financing announced June 11,
2019 (“Placement”). Under the first tranche, Barksdale issued 3,409,795 common
shares of the Company to Teck Resources Limited (“Teck”) for gross proceeds of
C$1,568,506.
The net proceeds from the Placement will be used to advance the Company’s mineral
projects, including the Sunnyside project, and for general corporate and working
capital purposes. All shares issued under the first tranche are subject to a four month
hold period expiring October 14, 2019. No fees were paid in connection with the
financing. The Company expects to close the second tranche of the Placement in due
course.
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 Unit ed States. 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
/g53/g76/g70/g78/g3/g55/g85/g82/g87/g80 /g68/g81/g3
/g51/g85/g72/g86/g76/g71/g72/g81/g87/g15/g3/g38/g40/g50/g3/g68/g81/g71/g3/g39/g76/g85/g72/g70/g87/g82/g85/g3
/g26/g26/g27/g16/g24/g27/g27/g16/g26/g20/g23/g24/g3
/g53/g76/g70/g78/g35 /g69/g68/g85/g78/g86/g71/g68/g79/g72/g70/g68/g83/g76/g87/g68/g79/g17/g70/g82/g80 /g3
/g3
/g55/g72/g85/g85/g76/g3/g36/g81/g81/g72/g3/g58 /g72/g79/g92/g78/g76/g3
/g57/g76/g70/g72/g3/g51/g85/g72/g86/g76/g71/g72/g81/g87/g3/g82/g73/g3/g38 /g82/g80 /g80 /g88/g81/g76/g70/g68/g87/g76/g82/g81/g86/g3
/g26/g26/g27/g16/g21/g22/g27/g16/g21/g22/g22/g22/g3
/g55/g72/g85/g85/g76/g36/g81/g81/g72/g35 /g69/g68/g85/g78/g86/g71/g68/g79/g72/g70/g68/g83/g76/g87/g68/g79/g17/g70/g82/g80 /g3
/g3
/g41/g82/g85/g3/g80 /g82/g85/g72/g3/g76/g81/g73/g82/g85/g80 /g68/g87/g76/g82/g81/g3/g83/g79/g72/g68/g86/g72/g3/g83/g75/g82/g81/g72/g3 /g26/g26/g27/g16/g24/g24/g27/g16/g26/g20/g23/g24/g15/g3 /g72/g80 /g68/g76/g79/g3
/g76/g81/g73/g82/g35 /g69/g68/g85/g78/g86/g71/g68/g79/g72/g70/g68/g83/g76/g87/g68/g79/g17/g70/g82/g80/g3/g82/g85/g3/g89/g76/g86/g76/g87/g3www.BarksdaleCapital.com./g3
/g3
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 responsibility for the adequacy or
accuracy of this news release.
/g3
CAUTIONARY STATEMENT REGARDING FORWAR D-LOOKING INFORMATION: This news
release includes “forward-looking informatio n” under applicable Canadian securities
legislation including, but not limited to, the expected closing of the second tranche of the
Placement and the anticipated us e of proceeds therefrom, th e 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, uncertai nties, 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 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 expl oration 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. There are no assurances that the
Company will successfully negotiate and enter into definitive documentation and complete the
Placement on the terms set out herein or at all. 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-look ing information, whether as a result of new
information, future events or otherwise, except as required by law.
THIS NEWS RELEASE, REQUIRED BY AP PLICABLE 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 UNIT ED 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.