- Barksdale Resources Corp. (BRO) has closed the final tranche of its non-brokered private placement with Teck Resources for gross proceeds of $264,000
- Teck subscribed for 550,000 units
- Teck now holds approximately 10 per cent of Barksdale’s current equity
- Barksdale has received TSX Venture Exchange acceptance for the extension of the maturity date of the secured convertible debentures
- Barksdale Resources Corp. is a Canadian base metal exploration company
- Barksdale Resources Corp. (BRO) opened trading at C$0.75
Barksdale Resources Corp. (BRO) has closed the final tranche of its non-brokered private placement with Teck Resources for gross proceeds of $264,000.
Teck subscribed for 550,000 units. Each unit consists of one common share and one-half of one transferable share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share for a period of three years.
Teck now holds approximately 10 per cent of Barksdale’s current equity.
The net proceeds will be used to advance the company’s mineral projects and for general corporate and working capital purposes.
All shares issued under the Financing are subject to a statutory four-month hold period expiring February 6, 2023.
No fees or commissions were paid with respect to Teck’s participation.
Barksdale has received TSX Venture Exchange acceptance for the extension of the maturity date of the secured convertible debentures until December 31, 2023. The debentures have a remaining principal amount of $1,500,000, and all other terms of the debentures remain unchanged except for the conversion price, which has increased to $0.55 per share from $0.45 per share.
Barksdale Resources Corp. is a Canadian base metal exploration company focused on the acquisition, exploration and advancement of base metal projects in North America.
Barksdale Resources Corp. (BRO) opened trading at C$0.75.
