Barksdale Resources Raises CA$13.2 Million After Closing First Tranche of Private Placement
MT newswire2026/10/09 15:4111:41 AM EDT, 10/09/2026 (MT Newswires) -- Barksdale Resources (BRO.V) closed the first tranche of its CA$14.0 million non-brokered private placement, raising CA$13.2 million, it said in a statement late Thursday. The first tranche consisted of the issuance of 73.2-million units at CA$0.18 apiece. Each unit consists of one share and one-half of one two-year warrant, with each warrant entitling the holder to buy a share for CA$0.30 per Common Share until Oct. 8, 2028. Proceeds will be used to fund a phased 16,000-meter diamond core drilling program starting later this fall, and to complete a ZTEM study on Sunnyside and its Four Metals property located in Arizona, it said. The company also completed the settlement of its outstanding secured convertible debentures through the issuance of 40-million common shares and 5.2-million units to Delbrook Resource Opportunities Master Fund LP and Delbrook Resource Opportunities Fund. Shares of the company were last seen up 1.7% at CA$0.295 on the TSX Venture Exchange. Price: 0.30, Change: +0.01, Percent Change: +1.72
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