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Be the first with the news that moves the market- Barksdale Resources Corp. (BRO) has reported the exercise of 8,050,287 common share purchase warrants
- The warrants, with an exercise price of $0.55 issued on September 29 and October 1, 2020, were exercised before their January 31, 2023 expiry
- The warrant exercises generated gross proceeds of approximately $4.4 million, with approximately $3.8 million coming from warrant exercises in January 2023
- The company has also granted incentive stock options to its directors, employees and consultants, exercisable to purchase up to 1,450,000 common shares
- Barksdale Resources Corp. is a base metal exploration company headquartered in Vancouver
- Barksdale Resources Corp. was up 1.37 per cent, trading at $0.74 at 12:37 PM ET
Barksdale Resources Corp. (BRO) has reported the exercise of 8,050,287 common share purchase warrants.
The warrants, with an exercise price of $0.55 issued on September 29 and October 1, 2020, were exercised before their January 31, 2023 expiry.
The warrant exercises generated gross proceeds of approximately $4.4 million, with approximately $3.8 million coming from warrant exercises in January 2023.
As of February 3, the company’s unaudited cash position is approximately $6.6 million with issued capital of 80,239,886 common shares.
“We would like to thank all of those that exercised their warrants over the past twelve months,” commented Barksdale CEO Rick Trotman.
“Our great shareholder base, including Teck Resources, Delbrook Capital Advisors, US Global Investors, among others, have ensured that the company is fully funded to execute our fully-permitted San Antonio drilling program as well as to initiate drilling at Sunnyside when the final permit is delivered in the next few months,” he added.
Furthermore, the company has granted incentive stock options to its directors, employees and consultants, exercisable to purchase up to 1,450,000 common shares until February 8, 2026 at an exercise price of $0.74 per share.
The incentive stock options were granted in connection with the company’s ordinary course annual compensation process and in accordance with the company’s stock option plan.
Barksdale Resources Corp. is a base metal exploration company headquartered in Vancouver, B.C., focused on the acquisition, exploration and advancement of highly prospective base metal projects in North America.
Barksdale Resources Corp. was up 1.37 per cent, trading at $0.74 at 12:37 PM ET.
