Barksdale Increases Private Placement

Barksdale Increases Private Placement

VANCOUVER, BC / ACCESSWIRE / September 1, 2020 / Barksdale Resources Corp. (“Barksdale” or the “Company“) (TSXV:BRO) (OTCQB:BRKCF) announces that due to increased demand the Company has expanded the size of its non-brokered private placement financing announced August 6, 2020 (the “Offering“). The Offering will now consist of a total of 16,644,736 units (“Units“) at a price of $0.38 per Unit for gross proceeds of $6,325,000. Each Unit will consist of one common share of the Company and one half (1/2) of a common share purchase warrant (each whole warrant a “Warrant“). Each Warrant shall entitle the holder to purchase an additional common share of the Company at a price of $0.55 for a period, subject to acceleration, of 24 months following the closing of the Offering.

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