Barker Minerals Ltd. (TSXV:BML) announced a non brokered private placement of 10,000,000 units at CAD 0.05 per unit for gross proceeds of CAD 500,000 on February 6, 2013. Each unit will consist of one common share and one half of a share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share at any time on or before the date which is five years from the date of closing of at an exercise price of CAD 0.10. On closing, the purchaser of the units will hold approximately 21% of the outstanding common shares, which will result in the creation of a new control person of the company, as defined in the rules of the TSX Venture Exchange. The transaction is subject to shareholders' approval and will be subject to a four month hold period from the date of closing. The transaction is subject to approval from the TSX venture exchange.

On February 28, 2013, the company announced that it will issue securities pursuant to exemption provided under Regulation D. The transaction will include participation from three investors.