Barksdale Completes Convertible Debenture Extension and Securites for Debt Transaction
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Barksdale Resources Corp. has extended the maturity date of its convertible debentures by one year and reduced the conversion price, with TSX Venture Exchange approval. The company also issued units to settle accrued interest.
February 14, 2025 | 11:30 pm
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Barksdale Resources has extended the maturity date of its convertible debentures by one year and reduced the conversion price to $0.12 per share. The company also issued units to settle accrued interest.
The extension of the debenture maturity and reduction in conversion price could stabilize Barksdale's financial position, but the impact on stock price is neutral as it doesn't directly affect earnings or revenue. The issuance of units for interest settlement is a standard financial maneuver.
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