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The latest announcement is out from Barksdale Capital ( (TSE:BRO) ).
Barksdale Resources Corp. has announced amended terms with Delbrook Capital Advisors Inc. regarding a $1.5 million secured convertible debenture, originally issued in January 2022. The modifications include an extension of the maturity date to December 31, 2025, a reduced conversion price of $0.12 per share, and the issuance of 8 million new detachable common share purchase warrants to Delbrook. The interest accrued on the debentures will be settled through the issuance of company units, each consisting of one share and a half share purchase warrant. These transactions, subject to regulatory approvals, aim to strengthen Barksdale’s financial positioning as it continues its exploration projects.
More about Barksdale Capital
Barksdale Resources Corp. is a Vancouver-based base metal exploration company. It focuses on acquiring, exploring, and advancing promising base metal projects in North America, particularly 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: -41.32%
Average Trading Volume: 124,230
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $9.08M
See more insights into BRO stock on TipRanks’ Stock Analysis page.
