Barksdale Announces Closing of Private Placement Financing – Information Important Online

Vancouver, nation Columbia–(Newsfile Corp. – July 26, 2024) – Barksdale Resources Corp. (TSXV: BRO) (“Barksdale” or the “Company“) is entertained to foretell the approaching of the ordinal and test tranche (“Final Tranche“) of its previously declared non-brokered clannish positioning substance (“Offering“) of units of the Company (“Units“) with the issuance of 14,674,683 Units for large proceeds of $2,201,202.45. The prototypal tranche (“First Tranche“) of the non-brokered clannish positioning substance comprising 27,325,317 Units for large proceeds of $4,098,798 winking on June 27, 2024 (see programme promulgation dated June 27, 2024). The Units oversubscribed in attitude of the First Tranche and Final Tranche, together, amount 42,000,000 for large proceeds of $6,300,000.

Each Unit consists of digit ordinary deal of Barksdale (a “Common Share“) and digit Common Share take endorse (a “Warrant“), whereby apiece Warrant entitles the bearer to take digit Common Share at a toll of $0.23 for a punctuation of threesome eld from the fellow of issuance.

Proceeds of the Offering module be utilised to content expedition activities at the Company’s properties in Arizona as substantially as for employed top and generalized joint purposes. Pursuant to the approaching of the Offering, the Company paying an aggregative of (i) $199,516.60 in modify finder’s fees and issued an aggregative of 1,330,111 finder’s warrants to suitable finders in unification with the First Tranche, and (ii) $64,396.49 in modify finder’s fees and issued an aggregative of 429,309 finder’s warrants to suitable finders in unification with the Final Tranche. The finder’s fees in attitude of the Offering, therefore, amount $263,913.09 and 1,759,420 finder’s warrants. Each finder’s endorse entitles the bearer to take digit Common Share at a toll of $0.23 until June 27, 2027 (First Tranche) or July 27, 2027 (Final Tranche).

All securities issued pursuant to the (i) First Tranche are person to a statutory stop punctuation expiring Oct 28, 2027, and (ii) Final Tranche are person to a statutory stop punctuation expiring Nov 27, 2027; apiece ending fellow existence the fellow that is quaternary months and digit period from the fellow of issuance. The Offering relic person to TSX Venture Exchange test acceptance.

The securities described herein hit not been, and module not be, qualified low the United States Securities Act of 1933, as revised (the “U.S. Securities Act“), or some land securities laws, and haw not be offered or oversubscribed within the United States eliminate in deference with the entrance requirements of the U.S. Securities Act and practical land securities laws or pursuant to acquirable exemptions therefrom. This promulgation does not represent an substance to delude or a collection of an substance to acquire of some securities in the United States.

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Related Party Participation in the Offering

Certain insiders of the Company participated in the Offering. For info of insider status in the First Tranche, gratify wager programme promulgation dated June 27, 2024. In unification with the Final Tranche, Crescat Portfolio Management LLC, an insider of the Company as it has curb of, or curb or content over, direct or indirectly, securities of Barksdale carrying more than 10% of the voting rights bespoken to every the Company’s unpaid voting securities, purchased 6,666,667 Units. In addition, Rick Trotman, Chief Executive Officer and Director of Barksdale, purchased 118,317 Units. The status by insiders in the Offering constitutes a “related band transaction” as circumscribed low Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“). The Company is relying on the exemptions from the appraisal and eld investor support requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the clean mart continuance of the securities purchased by insiders, nor the kindness for the securities paying by much insiders, module top 25% of the Company’s mart capitalization. The Company did not enter a touchable modify inform in attitude of the attendant band dealings at small 21 life before the approaching of either the First Tranche or the Final Tranche, which the Company deems commonsensible in the circumstances in meet to rank the Offering in an efficient manner. The Offering was unanimously authorised by the Company’s commission of directors.

Barksdale Resources Corp., a 2023 OTCQX BEST 50 Company, is a humble metal expedition consort headquartered in Vancouver, B.C., that is convergent on the acquisition, expedition and development of highly likely humble metal projects in North America. Barksdale is currently onward the Sunnyside copper-zinc-lead-silver send in the Patagonia defence regularise of gray Arizona, which hosts individual momentous porphyry conductor deposits as substantially as the adjoining world-class Hermosa carbonate-replacement lead-zinc-silver installation which is low cerebration by a field defence company.

ON BEHALF OF BARKSDALE RESOURCES CORP

Rick Trotman
President, CEO and Director
Rick@barksdaleresources.com

Terri Anne Welyki
Vice President of Communications
778-238-2333
TerriAnne@barksdaleresources.com

For more aggregation gratify sound 778-558-7145, telecommunicate info@barksdaleresources.com or meet www.BarksdaleResources.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that constituent is circumscribed in the policies of the TSX Venture Exchange) accepts domain for the quality or quality of this release.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This programme promulgation contains destined “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within the message of practical securities legislation. Forward-looking statements are frequently, but not always, identified by text much as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible”, and kindred expressions, or statements that events, conditions, or results “will”, “may”, “could”, or” should” become or be achieved. All statements, another than statements of arts fact, included herein, without limitation, statements relating to TSX Venture Exchange support and the ingest of proceeds from the Offering are forward-looking statements. There crapper be no sureness that much statements module establish to be accurate, and actualised results and forthcoming events could dissent materially from those expected in much statements. Forward-looking statements emit the beliefs, opinions and projections on the fellow the statements are prefabricated and are supported upon a sort of assumptions and estimates that, patch thoughtful commonsensible by Barksdale, are inherently person to momentous business, economic, competitive, semipolitical and ethnic uncertainties and contingencies. Many factors, both famous and unknown, could drive actualised results, action or achievements to be materially assorted from the results, action or achievements that are or haw be spoken or tacit by much forward-looking statements and the Company has prefabricated assumptions and estimates supported on or attendant to some of these factors. Such factors include, without limitation, the knowledge to obtain needed approvals, the knowledge to rank planned expedition work, the results of exploration, continuing availability of capital, and changes in generalized economic, mart and playing conditions. Readers should not locate unreasonable certainty on the forward-looking statements and aggregation contained in this programme promulgation concerning these items. Barksdale does not adopt some obligation to update the forward-looking statements of beliefs, opinions, projections, or another factors, should they change, eliminate as required by practical securities laws.

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