Barksdale Resources Corp. (TSXV: BRO) (OTCQB: BRKCF) (FSE: 2NZ) announced the closing of its private placement with Crescat Capital LLC, raising gross proceeds of C$763,024.41.

The offering consisted of 8,478,049 common share units priced at C$0.09 per unit. Each unit includes one common share and one-half of one common share purchase warrant. The warrants allow holders to purchase additional common shares at C$0.15 each within two years of issuance.

No finder's fees were paid in connection with the offering. The securities are subject to a statutory hold period expiring four months and one day from the issuance date. Barksdale stated the proceeds will fund ongoing corporate expenses.

The transaction constituted a related party transaction under Multilateral Instrument 61-101. The company said it was exempt from formal valuation and minority shareholder approval requirements because neither the fair market value of securities acquired nor the consideration paid exceeded 25% of Barksdale's market capitalization.

Crescat Capital LLC describes itself as a value-driven asset management firm with a global macro thematic overlay. The firm operates an activist metals strategy focused on helping exploration mining companies develop new economic metal deposits.

Barksdale Resources focuses on acquiring and exploring critical, base, and precious metal projects across the Americas, with particular emphasis on copper, zinc, and other minerals essential to energy transition and infrastructure development.