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Barksdale Capital ( (TSE:BRO) ) has issued an announcement.
Barksdale Resources Corp. is seeking approval from the TSX Venture Exchange for amendments to its convertible debentures held by Delbrook Capital Advisors Inc., including extending the maturity date and reducing the conversion price. This move is accompanied by the issuance of new share purchase warrants and a securities-for-debt settlement to address accrued interest. These financial maneuvers aim to strengthen Barksdale’s financial position without introducing new funds, potentially impacting stakeholders by altering the company’s debt structure and share distribution.
More about Barksdale Capital
Barksdale Resources Corp., headquartered in Vancouver, B.C., is a base metal exploration company focused on acquiring and advancing promising base metal projects in North America. The company is working on the Sunnyside copper-zinc-lead-silver and San Antonio copper projects in Arizona, and the San Javier copper-gold project in Sonora, Mexico.
YTD Price Performance: -2.48%
Average Trading Volume: 114,145
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $15.31M
See more insights into BRO stock on TipRanks’ Stock Analysis page.
