JV With Regal Resources Moves Forward Barksdale Resources Corp. is pleased to announce that it has completed the C$1 million cash payment and released 5 million shares of Barksdale stock, both to Regal Resources . These payments fulfill all the Phase I earn-in requirements securing a permanent 51% ownership of the Sunnyside project in Arizona, U.S.A. Shares provided to Regal are subject to a four-month trading hold [...]
Received Preliminary Spring Drilling Assays and Plans for Fall Campaign All financial amounts listed in Canadian dollars. Barksdale Resources Corp. is pleased to announce that it has completed all expenditures and drilling footage required to maintain a 51% interest in Sunnyside and is awaiting confirmation from Regal Resources to pay the $1.0 million cash and release the 5.0 million Barksdale shares held in escrow. The [...]
Positions Necessary Activity for Sunnyside Ownership All currency listed in CAD dollars unless otherwise stated. Barksdale Resources Corp. is pleased to announce that it has completed its required 7,620 metres of drilling and $6 million defined expenditures that entitles it to acquire an initial 51% interest in the Sunnyside project. The Company can trigger the acquisition of 51% by making payments of $1.0 million cash [...]
Barksdale Resources Corp. , is pleased to announce that it has closed the previously-announced private placement offering of secured convertible debentures in the principal amount of CDN$3,000,000 maturing December 31, 2027 , subject to the holder put right described below, for gross proceeds of CDN$3,000,000 , to investment funds managed by Delbrook Capital Advisors Inc. . Concurrent with the New Debenture offering, the [...]
Barksdale Resources Corp. announces that it has agreed to issue up to C$3 million in secured convertible debentures to investment funds managed by Delbrook Capital Advisors Inc. . Barksdale plans to use the first tranche to complete the remaining 3,300 feet of drilling on the Sunnyside Project in Southern Arizona and to make the C$1.0 million payment to Regal Resources USA, Inc. to complete the remaining earn-in [...]
Barksdale Resources Corp. announces that further to its news release dated January 13 and February 4, 2025, the Company has now received TSX Venture Exchange acceptance in connection with the extension of the maturity date by one year until December 31, 2025 and the reduction of the conversion price to $0.12 per common share of the Company of the secured convertible debentures held by Delbrook Resource Opportunities Fund [...]
Barksdale Resources Corp. announces that Rick Trotman, effective February 5, 2025, has resigned from his position as President and Chief Executive Officer of the Company. William Wulftange, who currently serves as a member of the Company's board of directors , has been appointed Chief Executive Officer of the Company and will assume, on an interim basis, all related duties. William has served the Company in his role as [...]
Barksdale Resources Corp. announces that Rick Trotman, effective February 5, 2025, has resigned from his position as President and Chief Executive Officer of the Company. William Wulftange, who currently serves as a member of the Company's board of directors , has been appointed Chief Executive Officer of the Company and will assume, on an interim basis, all related duties. William has served the Company in his role as [...]
Barksdale Resources Corp. announces, further to its news release of January 13, 2025, that it and lender Delbrook Capital Advisors Inc. have agreed to amended terms in connection with the extension of the maturity date and a reduction of the conversion price of the aggregate $1,500,000 principal amount of the secured convertible debentures held by Delbrook that were originally issued on January 25, 2022. In connection [...]
Barksdale Resources Corp. is pleased to announce that assay results confirm high-grade polymetallic sulfide mineralization in drill hole SUN24-002B, as introduced in Barksdale's news release dated December 12, 2024. The results show impressive grades of up to 3.1% copper, 842 g/t silver, 5.5% zinc, and 7.6% lead, in a series of stacked sulfide-rich horizons. Polymetallic sulfide mineralization and pervasive siderite [...]
Barksdale Resources Corp. announces that it is seeking TSX Venture Exchange acceptance for an extension of the maturity date and a reduction of the conversion price of the aggregate $1,500,000 principal amount of the secured convertible debentures held by Delbrook Capital Advisors Inc. that were originally issued on January 25, 2022. Barksdale is also seeking TSXV acceptance to issue an aggregate of 8,000,000 detachable [...]
Barksdale Resources Corp. is pleased to announce that its ongoing exploration drilling program at its Sunnyside project in Arizona has intercepted significant base metal sulfide mineralization at depth. Mineralization is best described by Barksdale's geologists as carbonate replacement deposit style, and the mineralogy of the sulfide assemblage includes copper-rich phases, a possible indication of proximity to a porphyry [...]