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Barksdale Capital ( (TSE:BRO) ) has shared an announcement.
Barksdale Resources Corp. has extended the maturity date of its convertible debentures by one year to December 31, 2025, and reduced the conversion price to $0.12 per common share. This move, accepted by the TSX Venture Exchange, involves a principal amount of $1,500,000 and issuance of 1,684,931 units to settle $151,644 of accrued interest. Additionally, an extension fee includes 8,000,000 share purchase warrants, exercisable until December 31, 2025. These efforts aim to manage financial obligations while maintaining stakeholder interest in the company’s ongoing projects.
More about Barksdale Capital
Barksdale Resources Corp., headquartered in Vancouver, B.C., is a base metal exploration company. It focuses on acquiring, exploring, and advancing promising base metal projects in North America, including the Sunnyside copper-zinc-lead-silver and San Antonio copper projects in southern Arizona, and the San Javier copper-gold project in central Sonora, Mexico.
YTD Price Performance: -41.67%
Average Trading Volume: 117,813
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $9.43M
See more insights into BRO stock on TipRanks’ Stock Analysis page.
