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Barksdale Completes Amendments to Convertible Debentures and Warrants Held by Delbrook Capital Funds
Company Issues New Warrants NOTE: All finances in Canadian Dollars unless otherwise stated. Van...
About this update from Barksdale Resources Corp.
[{"type":"text","content":"Barksdale Completes Amendments to Convertible Debentures and Warrants Held by Delbrook Capital FundsCompany Issues New WarrantsNOTE: All finances in Canadian Dollars unless otherwise stated.Vancouver, British Columbia--(Newsfile Corp. - January 20, 2026) - Barksdale Resources Corp. (TSXV: BRO) (OTCQB: BRKCF) (FSE: 2NZ) (\"Barksdale\" or the \"Company\") announces that it has received acceptance from the TSX Venture Exchange (\"TSX.V\") and has completed the previously announced amendments to the terms of its secured convertible debentures and associated warrants held by investment funds (the \"Delbrook Capital Funds\") managed by Delbrook Capital Advisors Inc. (\"Delbrook\") (collectively, the \"Amendments\").As a result of the Amendments: (i) the maturity date of the secured convertible debentures previously issued to the Delbrook Capital Funds in the aggregate principal amount of $1,500,000 (the \"$1,500,000 Debentures\") has been extended from December 31, 2027 to December 31, 2028, and the conversion price of the $1,500,000 Debentures has been reduced from $0.12 per common share of the Company (each, a \"Share\") to $0.10 per Share, (ii) the expiry date of the associated 8,000,000 detachable common share purchase warrants (the \"8,000,000 Extension Warrants\") previously issued to the Delbrook Capital Funds in connection with the issuance of the $1,500,000 Debentures has been extended from December 31, 2027 to December 31, 2028, and the exercise price of such warrants has been reduced from $0.12 per Share to $0.10 per Share; (iii) the maturity date of the secured convertible debentures in the aggregate principal amount of $3,000,000 (the \"$3,000,000 Debentures\" and collectively with the $1,500,000 Debentures, the \"Convertible Debentures\") has been extended from December 31, 2027 to December 31, 2028; and (iv) the expiry date of the associated 7,500,000 detachable common share purchase warrants (the \"7,500,000 Extension Warrants\" and collectively with the 8,000,000 Extension Warrants, the \"Warrants\") previously issued to the Delbrook Capital Funds in connection with the issuance of the $3,000,000 Debentures has been extended from December 31, 2027 to December 31, 2028.All of the Convertible Debentures bear interest at a rate of 10% per annum and continue to be subject to a holder put right (the \"Put Right\"...