Barksdale Announces Shares for Debt Transaction
Barksdale Resources Corp. (TSXV: BRO) (OTCQX: BRKCF) has announced a debt settlement agreement to settle CA$41,367 (US$30,000) in debt by issuing 258,543 common shares at a deemed price of CA$0.16 per share. The debt is owed to an arm's-length creditor. The company entered this agreement to secure a location near its Sunnyside property for loading/unloading and storage of drilling supplies, equipment, and tools to support ongoing drilling operations.
The debt settlement shares will be subject to a four-month hold period from the date of issuance. The transaction is subject to acceptance by the TSX Venture Exchange. Barksdale Resources, a 2023 OTCQX BEST 50 Company, is focused on base metal exploration in North America, with projects in Arizona and Sonora, Mexico.
Barksdale Resources Corp. (TSXV: BRO) (OTCQX: BRKCF) ha annunciato un accordo di risoluzione del debito per saldare CA$41,367 (US$30,000) emettendo 258,543 azioni ordinarie a un prezzo stimato di CA$0.16 per azione. Il debito è dovuto a un creditore terzo. L'azienda ha stipulato questo accordo per garantire un'area vicino alla sua proprietà di Sunnyside per il carico/scarico e lo stoccaggio di forniture, attrezzature e strumenti per supportare le operazioni di perforazione in corso.
Le azioni emesse nell'ambito della risoluzione del debito saranno soggette a un periodo di blocco di quattro mesi dalla data di emissione. La transazione è soggetta all'accettazione da parte del TSX Venture Exchange. Barksdale Resources, una delle 50 migliori aziende OTCQX del 2023, si concentra sull'esplorazione dei metalli di base in Nord America, con progetti in Arizona e Sonora, Messico.
Barksdale Resources Corp. (TSXV: BRO) (OTCQX: BRKCF) ha anunciado un acuerdo de liquidación de deuda para saldar CA$41,367 (US$30,000) emitiendo 258,543 acciones ordinarias a un precio considerado de CA$0.16 por acción. La deuda se debe a un acreedor independiente. La compañía ingresó en este acuerdo para asegurar un lugar cerca de su propiedad de Sunnyside para la carga/descarga y almacenamiento de suministros de perforación, equipos y herramientas para apoyar las operaciones de perforación en curso.
Las acciones de liquidación de deuda estarán sujetas a un período de retención de cuatro meses a partir de la fecha de emisión. La transacción está sujeta a la aceptación por parte de la TSX Venture Exchange. Barksdale Resources, una de las 50 mejores empresas OTCQX de 2023, se centra en la exploración de metales básicos en América del Norte, con proyectos en Arizona y Sonora, México.
Barksdale Resources Corp. (TSXV: BRO) (OTCQX: BRKCF)는 41,367캐나다달러(30,000미국달러)의 부채를 상환하기 위해 258,543주의 보통주를 주당 0.16캐나다달러의 가격으로 발행하는 부채 조정 계약을 발표했습니다. 이 부채는 독립적인 채권자에게 발생했습니다. 이 회사는 진행 중인 시추 작업을 지원하기 위해 시추 용품, 장비 및 도구의 상하차 및 저장을 위한 위치를 확보하기 위해 이 계약을 체결했습니다.
부채 조정 주식은 발행일로부터 4개월의 보유 기간이 적용됩니다. 이 거래는 TSX 벤처 거래소의 승인을 받아야 합니다. Barksdale Resources는 2023 OTCQX BEST 50 기업으로, 북미에서의 비철금속 탐사에 집중하고 있으며, 애리조나와 멕시코 소노라에 프로젝트를 보유하고 있습니다.
Barksdale Resources Corp. (TSXV: BRO) (OTCQX: BRKCF) a annoncé un accord de règlement de dettes pour régler 41,367 CAD (30,000 USD) de dettes en émettant 258,543 actions ordinaires à un prix considéré de 0,16 CAD par action. La dette est due à un créancier tiers. L'entreprise a conclu cet accord pour sécuriser un emplacement près de sa propriété de Sunnyside pour le chargement/déchargement et le stockage des fournitures de forage, des équipements et des outils pour soutenir les opérations de forage en cours.
Les actions de règlement de dettes seront soumises à une période de blocage de quatre mois à partir de la date d'émission. La transaction est soumise à l'acceptation par la TSX Venture Exchange. Barksdale Resources, l'une des 50 meilleures entreprises OTCQX de 2023, se concentre sur l'exploration des métaux de base en Amérique du Nord, avec des projets en Arizona et Sonora, au Mexique.
Barksdale Resources Corp. (TSXV: BRO) (OTCQX: BRKCF) hat eine Vereinbarung zur Schuldenregelung angekündigt, um CA$41,367 (US$30,000) an Schulden zu begleichen, indem 258,543 Stammaktien zu einem angenommenen Preis von CA$0.16 pro Aktie ausgegeben werden. Die Schulden sind bei einem unabhängigen Gläubiger fällig. Das Unternehmen hat diese Vereinbarung getroffen, um einen Standort in der Nähe seiner Sunnyside-Immobilie für das Be- und Entladen sowie die Lagerung von Bohrmaterial, -ausrüstung und -werkzeugen zu sichern, um die laufenden Bohrarbeiten zu unterstützen.
Die im Rahmen der Schuldenregelung ausgegebenen Aktien unterliegen einer viermonatigen Haltefrist ab dem Ausgabedatum. Die Transaktion bedarf der Genehmigung durch die TSX Venture Exchange. Barksdale Resources, eines der 50 besten Unternehmen OTCQX im Jahr 2023, konzentriert sich auf die Erkundung von Grundmetallen in Nordamerika mit Projekten in Arizona und Sonora, Mexiko.
- Preserves cash for business development by settling debt with shares
- Secures strategic location near Sunnyside property for drilling operations support
- Recognition as a 2023 OTCQX BEST 50 Company
- Potential dilution of existing shareholders due to issuance of new shares
Vancouver, British Columbia--(Newsfile Corp. - October 22, 2024) - Barksdale Resources Corp. (TSXV: BRO) (OTCQX: BRKCF) ("Barksdale" or the "Company") announces that that it has entered into a debt settlement agreement to settle an aggregate of CA
The Company has entered into the underlying property agreement to secure a suitable location as close to the Sunnyside property as possible to provide a space for loading/unloading and storage of drilling supplies, equipment and tools to support the ongoing drilling program while cutting down daily travel distances. Barksdale intends to satisfy the indebtedness with the Debt Settlement Shares in order to preserve its cash for development of its business. The Debt Settlement Shares to be issued pursuant to the Shares for Debt Transaction will be subject to a statutory four-month hold period from the date of issuance, in accordance with applicable securities legislation. The Shares for Debt Transaction, including the issuance of the Debt Settlement Shares contemplated thereby, is subject to acceptance by the TSX Venture Exchange.
Barksdale Resources Corp., a 2023 OTCQX BEST 50 Company, is a base metal exploration company headquartered in Vancouver, B.C., that is focused on the acquisition, exploration and advancement of highly prospective base metal projects in North America. Barksdale is currently advancing the Sunnyside copper-zinc-lead-silver and San Antonio copper projects, both of which are in the Patagonia mining district of southern Arizona, as well as the San Javier copper-gold project in central Sonora, Mexico.
ON BEHALF OF BARKSDALE RESOURCES CORP
Rick Trotman
President, CEO and Director
Rick@barksdaleresources.com
Terri Anne Welyki
Vice President of Communications
778-238-2333
TerriAnne@barksdaleresources.com
For more information please phone 778-558-7145, email info@barksdaleresources.com or visit www.BarksdaleResources.com.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS: This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. Forward-Looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or" should" occur or be achieved. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the Shares for Debt Transaction and the related issuance of the Debt Settlement Shares are forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-Looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Barksdale, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability of the Company to obtain acceptance of the Shares for Debt Transaction by the TSX Venture Exchange. All forward-looking statements contained in this news release is qualified by these cautionary statements and those in the Company's continuous disclosure filings available on SEDAR+ at www.sedarplus.ca. Readers should not place undue reliance on the forward-looking statements contained in this news release concerning these items. Barksdale does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/227404
FAQ
What is the value of the debt being settled by Barksdale Resources (BRKCF)?
How many shares is Barksdale Resources (BRKCF) issuing for the debt settlement?
What is the deemed price per share for Barksdale Resources' (BRKCF) debt settlement?
Why is Barksdale Resources (BRKCF) entering into this debt settlement agreement?
