Business
Barksdale Announces Shares for Debt Transaction
Vancouver, British Columbia--(Newsfile Corp. - March 17, 2026) - Barksdale Resources Corp. (TSXV: BRO) (OTCQB: BRKCF) (FSE: 2NZ) ("Barksdale" or the "Company") is pleased to announce that it has completed a securities for debt settlement transaction with Delbrook Resource Opportunities Master Fund LP and Delbrook Resource Opportunities Fund LP (collectively, the "Creditors") settling $351,369.89, pursuant to a 10% interest rate per annum, payable in arrears on December 31 of each year, and as of
About this update from Brown & Brown, Inc.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - March 17, 2026) - Barksdale Resources Corp. (TSXV: BRO) (OTCQB: BRKCF) (FSE: 2NZ) ("Barksdale" or the "Company") is pleased to announce that it has completed a securities for debt settlement transaction with Delbrook Resource Opportunities Master Fund LP and Delbrook Resource Opportunities Fund LP (collectively, the "Creditors") settling $351,369.89, pursuant to a 10% interest rate per annum, payable in arrears on December 31 of each year, and as of December 21, 2025, on the remaining principal amount of the $1,500,000 secured convertible debentures (the "$1,500,000 Debentures") originally issued by Barksdale to the Creditors on January 25, 2022, and a senior secured convertible debenture in the principal amount of $3,000,000 (the "$3,000,000 Debentures") issued to the Creditors, which was amended on January 9, 2026, by the issuance of 3,904,110 common shares (each, a "Share") to the Creditors, whereby each Share has a deemed price of $0.09.","length":1067,"tagName":"p"},{"type":"text","content":"The table below outlines the interest payable on each debenture and the principal amount:","length":89,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"rowspan":"2","style":"border-width:1px;border-style:solid;border-color:#000000;width:14.3%;text-align:center;vertical-align:top;font-size:10px;","val":[{"type":"text","content":"Creditor Name","length":13,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"border-width:1px;border-style:solid;border-color:#000000;text-align:center;vertical-align:top;font-size:10px;","val":[{"type":"text","content":"$3,000,000 Debentures","length":21,"tagName":"p","attribs":{}}]},{"colspan":"2","style":"border-width:1px;border-style:solid;border-color:#000000;text-align:center;vertical-align:top;font-size:10px;","val":[{"type":"text","content":"$1,500,000 Debentures","length":21,"tagName":"p","attribs":{}}]},{"rowspan":"2","style":"border-width:1px;border-style:solid;border-color:#000000;width:14.3%;text-align:center;vertical-align:middle;font-size:10px;","val":[{"type":"text","content":"Total Interest Owing","length":20,"tagName":"p","attribs":{}}]},{"rowspan":"2","style":"border-width:1px;border-style:solid;border-color:#000000;width:14.3%;text-align:center;vertical-align:mi...