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Barksdale Resources extends debenture maturity, issues new securities to creditors.
Barksdale Resources Corp. extended the maturity date of its secured convertible debentures to December 31, 2025, and reduced the conversion price to $0.12 per common share.
The company issued 1,684,931 units and 8,000,000 share purchase warrants to creditors in exchange for extending the debentures and settling $151,644 in accrued interest.
All new securities are subject to a four-month hold period.
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Barksdale Resources extiende el vencimiento de la obligación, emite nuevos valores a los acreedores.