BARKSDALE CLOSES FIRST TRANCHE OF C$6.325 MILLION FINANCING AND INITIAL OPTION PAYMENT ON SAN JAVIER

Barksdale Resources_30092020

VANCOUVER, BC / ACCESSWIRE / September 30, 2020 / Barksdale Resources Corp. (“Barksdale” or the “Company“) (TSXV:BRO)(OTCQB:BRKCF) is pleased to announce that it has closed a first tranche of the Company’s non-brokered private placement financing announced August 6, 2020 and updated September 1, 2020 (“Placement“). Under the first tranche, Barksdale has issued a total of 15,263,158 units (the “Units“) at a price of C$0.38 per Unit for gross proceeds of C$5,800,000. Each Unit consisted of one common share of the Company and ½ of one common share purchase warrant (each whole warrant a “Warrant“). Each Warrant entitles the holder to acquire an additional common share at an exercise price of C$0.55 for a period, subject to acceleration, of 24 months from closing of the Placement. Certain directors and officers of the Company participated in the Placement for an aggregate of 295,924 Units for proceeds of $112,451.

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