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Barksdale Resources Corp. reports exploration and corporate financing developments for its critical, base and precious metals portfolio across the Americas. Company announcements center on the flagship Sunnyside Project in Arizona, including reverse-circulation drilling, assay results, copper-zinc-silver mineralization, historical target areas, geophysical targets, permitting under a U.S. Forest Service plan of operation, and qualified-person review under National Instrument 43-101.
News also covers Barksdale's capital structure and funding activity, including private placements of common share units and warrants, secured convertible debenture amendments, shares-for-debt settlements, warrant extensions, related-party transaction disclosures, and TSX Venture Exchange matters tied to its exploration financing.
Barksdale Resources Corp. has signed a definitive agreement to acquire Regal Resources Inc.'s remaining interest in the Sunnyside project in Arizona, consolidating 100% ownership. Valued at $0.37 per Regal share, the transaction will eliminate Barksdale's future obligations from a previous option agreement. This acquisition is positioned to be immediately accretive for Barksdale's shareholders and enhances the company's portfolio, including high-quality exploration assets across multiple jurisdictions. The deal requires approval from Regal's shareholders and regulatory bodies.
Barksdale Resources Corp. announced a definitive agreement to acquire a 100% interest in the Goat Canyon and Canelo copper projects from Kennecott Exploration Company, enhancing its foothold in Arizona. This low-cost acquisition doubles Barksdale's property position to approximately 30,910 acres in the Patagonia mining district, which is home to multiple prolific copper deposits. Investment highlights include access to geophysical survey data and several high-quality exploration targets that may support future growth.
Barksdale Resources Corp. (TSXV:BRO)(OTCQB:BRKCF) announced the appointment of Ms. Pamela White as Corporate Secretary, who has over 30 years of experience in the TSX Venture Exchange industry. The company also granted 457,500 incentive stock options to directors, employees, and consultants at an exercise price of $0.47 per share, valid until February 26, 2024. Barksdale is focused on the acquisition and exploration of base metal projects in North America.
Barksdale Resources Corp. has appointed Mr. Thomas Simpson as Senior Vice President of Exploration and Mr. William Wulftange as an independent director. This strategic move aims to enhance the company's exploration capabilities as part of its evolving focus. Simpson brings over 40 years of mineral exploration experience, while Wulftange has been instrumental in the discovery of successful precious metal mines. To facilitate these appointments, Glenn Kumoi will step down from the board. Additionally, Barksdale has granted stock options to purchase 400,000 shares at $0.63 each, pending approval.
Barksdale Resources Corp. (OTCQX: BRKCF) has commenced trading on the OTCQX Best Market in the U.S., enhancing access for U.S. investors while continuing to trade on the TSX Venture Exchange under the symbol "BRO." CEO Rick Trotman emphasized this move as an opportunity to improve visibility and broaden the investor base. Barksdale focuses on exploring base metal projects, including the Sunnyside and San Antonio copper projects in Arizona and the San Javier copper-gold project in Mexico. This transition aims to provide shareholders with a more effective trading platform.
Barksdale Resources Corp. (OTCQB: BRKCF) announced on October 9, 2020, the granting of stock options to directors, employees, and consultants, allowing for the purchase of up to 925,000 common shares at an exercise price of $0.50 per share until October 8, 2023. This move is in line with the company's annual compensation process and stock option plan. Barksdale is focused on base metal exploration in North America, aiming to acquire and advance prospective projects.
Barksdale Resources Corp. (OTCQB: BRKCF) has successfully closed the final tranche of its $6,325,000 non-brokered private placement financing, raising an additional $525,000 by selling 1,381,579 units. Each unit comprises one common share and half of a share purchase warrant, exercisable at C$0.55 for 24 months. Proceeds will support mineral projects including San Javier, Sunnyside, and San Antonio. All shares from this tranche are subject to a four-month hold period expiring February 2, 2021.
Barksdale Resources Corp. has successfully closed the first tranche of its non-brokered private placement financing, raising C$5,800,000 by issuing 15,263,158 units at C$0.38 each. Each unit includes one common share and a warrant to purchase an additional share at C$0.55 for 24 months. Proceeds will support mineral projects such as San Javier, Sunnyside, and San Antonio. The company has also made an initial option payment of C$32,500 and shares to acquire a 100% interest in the San Javier de Cobre project in Mexico. A second tranche is anticipated to close soon.
Barksdale Resources Corp. has finalized a definitive option agreement with Tusk Exploration Ltd to acquire the San Javier del Cobre project in Sonora, Mexico. This transaction follows a binding letter agreement dated August 5, 2020, and is expected to close by September 29, 2020, pending customary conditions and TSX Venture Exchange approval. The company, focused on base metal exploration in North America, anticipates closing a related private placement financing at the same time.
Barksdale Resources Corp. (OTCQB: BRKCF) updated on its acquisition of the San Javier del Cobre project in Mexico. Due diligence revealed title issues affecting three out of twelve mining concessions, covering 307.46 hectares. Consequently, Barksdale and Tusk Exploration Ltd agreed to defer 35% of initial cash and share payments. This reduces the Year 1 payment from 4 million shares and $50,000 to 2.6 million shares and $32,500. The resolution of title defects is expected by 2021, with a definitive agreement being finalized. Closing of the related private placement is projected for September 25, 2020.