TSXV:BRO - Post Discussion
Post by
Betteryear2 on Apr 25, 2023 8:42am
Completes Acquisition of a 100% Interest in Four Metals Prj.
Vancouver, British Columbia--(Newsfile Corp. - April 25, 2023) - Barksdale Resources Corp. (TSXV: BRO) (OTCQB: BRKCF) ("Barksdale" or the "Company") announces that it has now made its fifth and final payment due under the option agreement with MinQuest, Ltd. and Allegiant Gold (U.S.) Ltd., a wholly-owned subsidiary of Allegiant Gold Ltd. (together "Allegiant") originally announced April 19, 2018 (the "Option Agreement"). 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 payment completes Barksdale's commitment under the Option Agreement for the acquisition a 100% undivided interest in the 760-acre Four Metals project, located in Santa Cruz County, strategically located approximately 3km south of the Company's flagship Sunnyside project and 2km west of the 100% owned San Antonio project within the Patagonia Mountains of Arizona. The shares issued are subject to a four month hold period expiring August 25, 2023. Barksdale Completes Acquisition of a 100% Interest in Four Metals Project, Arizona (newsfilecorp.com)
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