Vancouver, British Columbia — February 20, 2026 — Leads & Copy — Barksdale Resources Corp. has closed a private placement of 55,545,744 units, raising gross proceeds of $4,999,117. Each unit comprised one common share of the company and one-half of one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at an exercise price of $0.15 until February 19, 2028.
The company (TSXV: BRO) (OTCQB: BRKCF) (FSE: 2NZ) plans to use the offering’s proceeds to fund and complete the Phase II drill campaign at the Sunnyside project, cover the Phase II earn-in payment to Great Basin Metals Inc., and address ongoing corporate expenses. Funds will also go towards geochemical and geophysical projects under review for the Sunnyside and San Javier projects.
Medalist Capital Advisors Inc. acted as the exclusive finder for the offering. The company paid a 6% commission to the Finder in the form of 1,434,780 Finder’s units. Barksdale also paid an advisory fee to Medalist Capital Ltd., an affiliate of the Finder, in the form of 1,560,000 Units. Each Finder’s Unit and Advisor’s Unit, issued at a deemed value of $0.09, also comprises one common share of the Company and one-half of one Warrant. Each Finder’s Warrant and Advisor’s Warrant entitles the holder to purchase one common share of the Company at an exercise price of $0.15 until February 19, 2028.
All securities issued in connection with the offering are subject to a statutory hold period expiring June 20, 2026. The offering remains subject to the final acceptance of the TSX Venture Exchange.
Certain company insiders participated in the offering, constituting a “related party transaction” under Multilateral Instrument 61-101. The participation was exempt from formal valuation and minority shareholder approval requirements, as the fair market value of the securities acquired by insiders and the consideration paid did not exceed 25% of the company’s market capitalization. The company did not file a material change report at least 21 days before closing, deeming it reasonable to expedite the offering. The company’s Board of Directors unanimously approved the offering.
Barksdale plans to raise $932,585 on a private placement basis from Crescat Capital LLC through the issuance of 8,478,049 units at $0.11 per unit. Each unit will comprise one common share and one-half of one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at an exercise price of $0.15 for two years following the closing of the unit offering, which remains subject to the acceptance of the Exchange.
At Barksdale, their mission is to drive long-term shareholder value through the strategic acquisition, exploration, and advancement of high-quality critical, base, and precious metal projects across the Americas. They are focused on the metals essential to the global energy transition and modern infrastructure—particularly copper, zinc, and other critical minerals.
William Wulftange, Chief Executive Officer and Director, made the announcement on behalf of Barksdale Resources Corp.
Source: Barksdale Resources Corp.
