Barksdale Completes Amendments to Convertible Debentures and Warrants Held by Delbrook Capital Funds

Core Viewpoint - Barksdale Resources Corp. has successfully amended the terms of its secured convertible debentures and associated warrants, which is expected to improve the company's financial position and extend the maturity of its debt obligations [2][9]. Summary by Sections Amendments to Convertible Debentures - The maturity date of the $1,500,000 secured convertible debentures has been extended from December 31, 2027, to December 31, 2028, with the conversion price reduced from $0.12 to $0.10 per share [3]. - The expiry date of the associated 8,000,000 detachable common share purchase warrants has also been extended to December 31, 2028, with the exercise price reduced from $0.12 to $0.10 per share [3]. - The maturity date of the $3,000,000 secured convertible debentures has similarly been extended to December 31, 2028 [3]. - The expiry date of the associated 7,500,000 detachable common share purchase warrants has been extended to December 31, 2028 [3]. Interest and Put Right - All convertible debentures bear an interest rate of 10% per annum and include a holder put right, allowing holders to require the company to repurchase the outstanding principal amount on or after December 31, 2027 [4]. New Warrants Issued - In consideration for the amendments, the company has issued 7,000,000 new detachable common share purchase warrants to the Delbrook Capital Funds, with each warrant allowing the purchase of one share at a price of $0.09 until December 31, 2028 [5]. Company Overview - Barksdale Resources Corp. aims to drive long-term shareholder value through the acquisition, exploration, and advancement of high-quality critical, base, and precious metal projects across the Americas, focusing on metals essential for the global energy transition [7][8].