Barksdale receives $1.98M from debt repayment

Feb. 17, 2022 8:25 AM ETBarksdale Resources Corp. (BRKCF), BRO:CABy: Khyathi Dalal, SA News Editor
  • Barksdale Resources (OTCQX:BRKCF) announced that Regal Resources has made a cash payment to Barksdale to fully repay its financial obligations.
  • In total, Regal paid cash totaling $1.9M to the company in full settlement of the Regal Debt including principal, accrued interest and legal expenses.
  • The company's acquisition of the Regal Debt was part of a broader effort by Barksdale last summer to acquire Regal and consolidate the Sunnyside project in Arizona at a value of $0.37/Regal share.
  • The company's offer was subsequently rejected by Regal's shareholders.
  • Barksdale and Regal will continue to move the Sunnyside project forward under the existing 2017 option agreement.
  • The company will utilize the proceeds from repayment of the Regal Debt for general corporate and working capital purposes.

Recommended For You


To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.