Barksdale Resources Corp. announces that it has now made its fifth and final payment due under the option agreement with MinQuest, Ltd. and Allegiant Gold Ltd., a wholly-owned subsidiary of Allegiant Gold Ltd. originally announced April 19, 2018 . The final payment was made on a 50/50 basis and consisted of US$100,000 cash and the issuance of a total of 261,813 common shares, at a deemed price of C$0.64 per share. This [...]
Barksdale Resources Corp. is pleased to provide a permitting update related to the proposed Sunnyside copper-zinc-lead-silver exploration program in Arizona. On March 13, 2021, the United States Forest Service completed the 45-day objection period, which represented the final opportunity for public input into the permitting process for the Sunnyside project. Two objections were filed during the objection period and the [...]
Barksdale Resources Corp. is pleased to report that 8,050,287 common share purchase warrants, with an exercise price of $0.55 issued on September 29 and October 1, 2020, have now been exercised prior to their January 31, 2023 expiry. The warrant exercises generated gross proceeds of approximately $4.4 million, with approximately $3.8 million coming from warrant exercises in January 2023. As of February 3, the Company's [...]
Barksdale Resources Corp. is pleased to announce significant permitting progress related to the proposed Sunnyside copper-lead-zinc-silver exploration program in Arizona. The United States Forest Service has informed the Company that it intends to publish a draft Decision Memorandum and Finding of No Significant Impacts for Barksdale's proposed seven-year exploration drilling program at its Sunnyside project in Arizona on [...]
Barksdale Resources Corp. is pleased to announce it has been named to the 2023 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year. The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market. The ranking is calculated based on an equal weighting of one-year total return and average daily dollar volume growth in the previous [...]
Barksdale Resources Corp. announces that its Annual General Meeting of shareholders was held on Thursday, December 8, 2022 . At the AGM, all incumbent directors, being Messrs. Richard Trotman, Darren Blasutti, Peter McRae, Jeff O'Neill and William Wulftange were reappointed to the Board. The Company's Auditors, Davidson & Company LLP, Chartered Professional Accountants were reappointed as the independent Auditor of the [...]
Barksdale Resources Corp. is pleased to announce an initial resource estimate at Cerro Verde as part of the San Javier copper-gold project , located within two hours of Hermosillo in the state of Sonora, Mexico. The resource is pit-constrained and uses a base case of US$4.00/lb copper and various cut-off grades according to metallurgical characteristics of the mineralization. The estimate was prepared by Independent [...]
Barksdale Resources Corp. would like to clarify today's market halt, which was due to an inaccurate bulletin published by the TSX Venture Exchange . In the bulletin, the TSXV accepted the filing documentation related to the extension of the Delbrook convertible debentures and mistakenly quoted the warrant exercise price as $0.072 per warrant rather than the correct $0.72 per warrant. Barksdale Resources Corp. is a base [...]
Barksdale Resources Corp. is pleased to announce that further to its news releases dated September 6, September 21 and October 3, 2022, it has now closed the final tranche of its non-brokered private placement financing with Teck Resources Limited , with respect to Teck's pro-rata equity participation right. In the Financing, Teck subscribed for 550,000 units for gross proceeds of $264,000. The Units have identical terms [...]
Barksdale Resources Corp. has finalized the extension of the maturity date of the secured convertible debentures administered by Delbrook Capital Advisors Inc. by one year until December 31, 2023 . The Debentures have a remaining principal amount of $1,500,000 and all other terms of the Debentures remain unchanged except for the conversion price, which has increased to $0.55 per share from $0.45 per share. Additionally [...]
Barksdale Resources Corp. is pleased to announce that Teck Resources Limited , a large shareholder of the Company and one of Canada's leading mining companies, has elected to exercise its pro-rata equity participation rights and will subscribe for 550,000 units for gross proceeds of $264,000 . The Units have identical terms to the financing that closed on September 21, 2022. Each Unit consists of one share and one-half of [...]
Barksdale Resources Corp. is pleased to announce that it has closed the non-brokered private placement financing announced September 6, 2022 . Due to excess demand, the Company increased the size of the Offering from the $2,000,000 originally announced and issued a total of 4,622,917 units at a price of $0.48 per Unit for gross proceeds of $2,219,000. Each Unit consisted of one common share and one-half of one [...]