Source: Barksdale Resources
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  • Barksdale Resources Corp. (BRO) has closed the non-brokered private placement financing for gross proceeds of $2,219,000
  • Barksdale increased the offering from the $2,000,000 originally announced and issued a total of 4,622,917 units for $0.48 per unit
  • The net proceeds will be used to advance the company’s mineral projects and for general corporate and working capital purposes
  • Barksdale Resources is advancing the Sunnyside copper-zinc-lead-silver and San Antonio copper projects in Arizona, as well as the San Javier copper-gold project in Mexico
  • Barksdale (BRO) opened trading at $0.53 per share

Barksdale Resources Corp. (BRO) has closed the non-brokered private placement financing for gross proceeds of $2,219,000.

Due to excess demand, the company increased the offering from the $2,000,000 originally announced and issued a total of 4,622,917 units for $0.48 per unit. Each unit consisted of one common share and one-half of one transferable share purchase warrant. Each whole warrant entitles the holder to purchase one common share at $0.72 for a period of three years.

The net proceeds will be used to advance the company’s mineral projects and for general corporate and working capital purposes.

All shares issued are subject to a statutory four-month hold period expiring January 22, 2023.

The company paid finders’ fees of $46,435.19 and issued 96,740 non-transferable finder’s warrants.

Barksdale Resources is advancing the Sunnyside copper-zinc-lead-silver and San Antonio copper projects in Arizona, as well as the San Javier copper-gold project in Mexico.

Barksdale (BRO) opened trading at C$0.53.


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