Barksdale closes C$13.2 million first tranche of financing

Barksdale Resources Corp. successfully closed the first tranche of its C$13.2 million financing, issuing 73.2 million units at C$0.18 per unit. The funds will be utilized to initiate a 16,000-meter diamond core drilling program at the company's Sunnyside Porphyry Deposit, followed by a ZTEM study on its Sunnyside and Four Metals properties.

Company insiders and executives purchased a total of 24.9 million units in the first tranche, while Medalist Capital Ltd. and George Ogilvie, Chairman of the Board, were the largest external purchasers. The company plans to complete the second and final tranche of the offering in mid-October 2026, subject to final acceptance by the TSX Venture Exchange.

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