Barksdale Capital Corp. (the “Company” or “Barksdale Capital”) TSXV: BRO.H announces that it has arranged a non-brokered private placement of up to 3,000,000 shares at a price of $0.40 per share to raise gross proceeds of up to $1,200,000.
The securities issuable in the private placement will have a hold period of four months from the closing.
The gross proceeds of up to $1,200,000 are intended to be used for working capital and to fund future property acquisitions.
The private placement is subject to acceptance for filing by the NEX Board of the TSX Venture Exchange.
ON BEHALF OF BARKSDALE CAPITAL CORP.
President and CEO
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 release. This release includes certain statements that may be deemed “forward-looking statements”. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward looking statements.