Toronto, Ontario–(Newsfile Corp. – June 27, 2017) – Medalist Capital Ltd. (“Medalist“) announces that it has filed an early warning report (the “Report“) announcing that, on June 22, 2017, it acquired 200,000 common shares (“Common Shares“) of Barksdale Capital Corp. (the “Issuer“) at a price of $0.425 per Common Share for total consideration of $85,000 (the “Acquisition“).
The Acquisition represents approximately 1.47% of the issued and outstanding Common Shares of the Issuer. Prior to the Acquisition, Medalist owned 1,359,000 Common Shares of the Issuer representing approximately 10.03% of the issued and outstanding Common Shares of the Issuer. Following the Acquisition, Medalist owns 1,559,000 Common Shares of the Issuer representing approximately 11.51% of the issued and outstanding Common Shares of the Issuer on a non-diluted basis.
Medalist has acquired the Common Shares of the Issuer for investment purposes and Medalist may, depending on market and other conditions, increase or decrease its beneficial ownership, control or direction over the Common Shares or other securities of the Issuer, through market transactions, private agreements, treasury issuances, exercise of convertible securities or otherwise.
This press release is being issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bids and Insider Reporting Issues in connection with the filing of the Report by Medalist.
For further details relating to the Acquisition, please see the Report, a copy of which is available on the Issuer’s profile on SEDAR at www.sedar.com.
For more information, please contact:
Partner, Medalist Capital Ltd.
Tel: (416) 307-1033
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