Barksdale Announces Repricing of Crescat Private Placement
MWN-AI** Summary
Barksdale Resources Corp. (TSXV: BRO) announced a repricing of its private placement with Crescat Capital LLC, a key investor, due to recent fluctuations in market prices. This revised offering will consist of 8,478,049 common share units priced at $0.09 each, amounting to gross proceeds of approximately $763,024.41. Each unit includes one common share and half a common share purchase warrant, with each whole warrant allowing the purchase of an additional share at an exercise price of $0.15 for two years post-issuance. No finder's fee is associated with this private placement.
The proceeds from this offering are intended to cover ongoing corporate expenses. This announcement also replaces prior private placement news released on March 10 and February 11, 2026. The investment from Crescat is classified as a "related party transaction" under Multilateral Instrument 61-101, though it is exempt from formal valuation and minority shareholder approval requirements since the transaction value does not exceed 25% of the company's market capitalization.
Crescat Capital LLC is known for its activist metals strategy, which aims to support the creation of economic metal deposits in viable mining regions. Barksdale Resources is committed to increasing shareholder value through strategic acquisition and advancement of critical and precious metal projects, particularly copper and zinc, crucial for the energy transition and modern infrastructure.
Barksdale emphasizes responsible growth and aims to address future resource needs in alignment with environmental sustainability. The forward-looking statements made in the news release are based on current beliefs and assumptions, highlighting the potential for different outcomes due to various uncertainties and factors.
MWN-AI** Analysis
Barksdale Resources Corp. has announced a repricing of its private placement with Crescat Capital, aiming to raise approximately CAD 763,024 by issuing over 8.4 million units at CAD 0.09 each. Each unit includes a common share and a warrant, allowing shareholders to buy additional shares at CAD 0.15 for two years. This strategic move reflects Barksdale’s adaptability in response to changing market conditions, particularly relevant given the heightened global focus on critical minerals essential for the energy transition.
Investors should consider this offering within the context of Barksdale's operational priorities. The use of proceeds is primarily directed towards funding ongoing corporate expenses, which highlights the necessity of maintaining operational stability during uncertain market climates. Furthermore, Crescat’s involvement represents both a capital boost and a strategic investment, signaling confidence in Barksdale's potential within the resource sector. Crescat’s activist approach emphasizes value creation through the development of metal resources, which aligns with Barksdale's mission to explore and advance critical and precious metal projects.
With the stock priced at CAD 0.09, investors may find an entry point that presents both a risk and potential upside, especially considering the overhanging warrants priced at CAD 0.15. If Barksdale’s strategic initiatives succeed and market conditions improve, these warrants could prove valuable, enhancing overall shareholder value.
It is also essential for investors to monitor Barksdale's operational developments closely. Given the volatile nature of the mining sector and global economic factors influencing commodity prices, a cautious but attentive stance is recommended. Potential investors should balance the risks associated with early-stage investments against the backdrop of a critical minerals market that is increasingly gaining prominence.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
NOTE: All figures are in Canadian Dollars unless otherwise stated.
Vancouver, British Columbia--(Newsfile Corp. - March 13, 2026) - Barksdale Resources Corp. (TSXV: BRO) (OTCQB: BRKCF) (FSE: 2NZ) ("Barksdale" or the "Company") is pleased to announce that due to recent market price changes, the Company is repricing its private placement with Crescat Capital LLC ("Crescat"), a strategic investor in Barksdale, consisting of 8,478,049 common share units in the capital of the Company (the "Units"), whereby the units shall be priced at $0.09 per Unit for gross proceeds of $763,024.41 (the "Offering").
Each Unit shall comprise one common share of the Company and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant shall entitle the holder thereof to purchase one common share of the Company at an exercise price of $0.15 for a period of two (2) years from the date of issuance. No finder's fee is payable in connection with the private placement.
Use of proceeds includes funding for on-going corporate expenses.
This news release supersedes the Company's private placement news releases of March 10, 2026, and February 11, 2026.
Crescat's participation in the Offering will constitute a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Such participation will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities to be acquired by Crescat, nor the consideration for the securities to be paid by Crescat, will exceed 25% of the Company's market capitalization.
About Crescat Capital LLC
Crescat is a value-driven asset management firm with a global macro thematic overlay. The goal of its activist metals' strategy is to help exploration-focused mining companies create new economic metal deposits in viable mining jurisdictions around the world. The firm's investment process involves a mix of asset classes and strategies to assist with each client's unique needs and objectives and includes Global Macro, Long/Short, and Precious Metals funds.
About Barksdale Resources Corp.
At Barksdale, our 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.
We are focused on the metals essential to the global energy transition and modern infrastructure—particularly copper, zinc, and other critical minerals—at a time when secure, domestic and regional sources are more important than ever.
With a sharp focus on critical metals and a commitment to responsible growth, Barksdale is positioned to play a key role in meeting tomorrow's resource needs.
On Behalf of Barksdale Resources Corp.
William Wulftange
Chief Executive Officer and Director
info@barksdaleresources.com
Ira M. Gostin
Investor Relations
604-398-5385 x3
ir@barksdaleresources.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Statement Regarding Forward-Looking Statements
This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the Offering are forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.
Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Barksdale, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies.
Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the Company has made assumptions and estimates based on or related to many of these factors. All forward-looking statements contained in this news release are qualified by these cautionary statements and those in the Company's continuous disclosure filings available on SEDAR+ at www.sedarplus.ca. Readers should not place undue reliance on the forward-looking statements contained in this news release concerning these items. Barksdale does not assume any obligation to update the forward-looking statements if beliefs, opinions, projections, or other factors, change, except as required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288566
FAQ**
How does Barksdale Resources Corp. plan to utilize the gross proceeds of $763,024.41 from the private placement with Crescat Capital LLC to enhance its strategic objectives, particularly in the context of critical metals, as highlighted in their press release regarding Barksdale Capital Corp BRKCF?
What are the implications of Crescat Capital LLC's participation as a related party in this private placement for Barksdale Resources Corp.'s governance and financial transparency, given the exemption from formal valuation requirements under MI 61-101 concerning Barksdale Capital Corp BRKCF?
With the issuance of common share purchase warrants at an exercise price of $0.15, what factors will determine Barksdale Resources Corp.'s share price performance over the next two years, impacting holder decisions on exercising these warrants related to Barksdale Capital Corp BRKCF?
How will the restructuring of the private placement pricing at $0.09 per Unit reflect Barksdale Resources Corp.'s performance amid changing market conditions, and what strategies is the company implementing to mitigate similar future pricing challenges regarding Barksdale Capital Corp BRKCF?
**MWN-AI FAQ is based on asking OpenAI questions about Barksdale Resources Corp. (TSXVC: BRO:CC).
NASDAQ: BRO:CC
BRO:CC Trading
6.98% G/L:
$0.46 Last:
74,500 Volume:
$0.45 Open:
