Welcome to our dedicated page for BARKSDALE RES news (Ticker: BRKCF), a resource for investors and traders seeking the latest updates and insights on BARKSDALE RES stock.
BARKSDALE RES CORP (BRKCF), headquartered in Vancouver, Canada, is a base metal exploration company focused on acquiring, exploring, and advancing base metal projects in North America. The company is currently advancing the Sunnyside copper-zinc-lead-silver and San Antonio copper projects in Arizona, along with the San Javier copper-gold project in Mexico. Recent assays from the SUN-003 drill hole at the Sunnyside project indicate multiple intervals of carbonate replacement style mineralization. Barksdale aims to provide guidance for the upcoming 2024 drill campaign within the next 30-45 days.
Barksdale Resources Corp. has announced a $1,750,000 non-brokered private placement of secured convertible debentures arranged through Delbrook Capital Advisors. This funding, supported by Delbrook, a long-time shareholder, aims to provide liquidity as the company approaches crucial project milestones in 2022. The debentures will mature on December 31, 2022, bear interest at 10% per annum, and are convertible at a 47% premium to the company's recent trading price. Proceeds will be utilized for general corporate purposes and to enhance liquidity without diluting shareholder value.
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