Barker Minerals Ltd. (TSXV:BML) announced a non brokered private placement of 5,500,000 units at CAD 0.05 per unit for gross proceeds of CAD 275,000 on September 26, 2013. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share at CAD 0.05 per share for the first and second year, and CAD 0.10 per share in the third, fourth, and fifth year. Insiders of the company may subscribe for 5,200,000 units. All securities to be issued will have a hold period of four months.

On November 13, 2013, Barker Minerals Ltd. closed the transaction. The company issued 5,280,000 units for gross proceeds of CAD 264,000. Insiders of the company subscribed for 95% of the transaction. All of the securities issued are subject to a regulatory hold period that expires on March 13, 2014. The company issued 5,000,000 units to one investor pursuant to exemptions provided under Regulation D.