Barksdale Announces Shares for Debt Transaction

Rhea-AI Summary

Barksdale Resources (OTCQB: BRKCF) completed a shares-for-debt settlement with Delbrook funds on March 17, 2026, issuing 3,904,110 common shares to settle $351,369.87 of interest and related amounts tied to $3,000,000 and $1,500,000 convertible debentures.

The shares have a deemed price of $0.09 each, remain subject to TSX Venture Exchange final approval, and carry a four-month hold period from issuance.

Positive

• $351,369.87 of interest settled without cash outflow
• Issued 3,904,110 shares to satisfy creditor claims
• Settlement reduces secured debenture balances tied to $4.5M principal

Negative

• Share issuance causes dilution via 3,904,110 new shares
• Transaction subject to TSXV final approval, creating execution risk
• All issued securities subject to a four-month hold, limiting liquidity

News Market Reaction – BRKCF

+11.41%

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+11.41% News Effect

On the day this news was published, BRKCF gained 11.41%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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.

The table below outlines the interest payable on each debenture and the principal amount:

Creditor Name	$3,000,000 Debentures		$1,500,000 Debentures		Total Interest Owing	Settlement Shares
	Principal	Interest owing From May 1, 2025, to December 31, 2025	Principal	Interest owing from January 1, 2025, to December 31, 2025
Delbrook Resource Opportunities Master Fund LP	$2,700,000	$181,232.88	$1,325,000	$132,500.00	$313,732.88	3,485,921
Delbrook Resource Opportunities Fund LP	$300,000	$20,136.99	$175,000	$17,500.00	$37,636.99	418,189
Total	$3,000,000.00	$201,369.87	$1,500,000.00	$150,000.00	$351,369.87	3,904,110

 

No new insider or control person was created as a result of this share for debt transaction.

The issuance of the Shares to the Creditors remains subject to the final approval of the TSX Venture Exchange. All securities issued are subject to a four-month hold period, which expires on the date that is four months and one day from the date of issue.

About Barksdale Resources Corp.
At Barksdale, our mission is to drive long-term shareholder value through the strategic acquisition, exploration, and advancement of high-quality critical, base, and precious metal projects across the Americas.

We are focused on the metals essential to the global energy transition and modern infrastructure—particularly copper, zinc, and other critical minerals—at a time when secure, domestic and regional sources are more important than ever.

With a sharp focus on critical metals and a commitment to responsible growth, Barksdale is positioned to play a key role in meeting tomorrow's resource needs.

ON BEHALF OF BARKSDALE RESOURCES CORP.

William Wulftange
Chief Executive Officer and Director

Ira M. Gostin
Investor Relations
604-398-5385 x3
ir@barksdaleresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288906

FAQ

What did Barksdale (BRKCF) announce on March 17, 2026 about a shares-for-debt transaction?

Barksdale completed a shares-for-debt settlement issuing 3,904,110 shares to creditors to settle $351,369.87 in interest and related amounts. According to the company, the shares have a deemed price of $0.09 and replace interest owing on $3,000,000 and $1,500,000 convertible debentures.

How many shares did Barksdale (BRKCF) issue to Delbrook in the March 2026 settlement?

Barksdale issued a total of 3,904,110 common shares to the Delbrook creditors as settlement. According to the company, those shares were issued at a deemed price of $0.09 per share to satisfy interest and adjustments tied to the debentures.

What debt amounts were affected by the BRKCF shares-for-debt transaction on March 17, 2026?

The transaction settled $351,369.87 of interest and related amounts linked to $3,000,000 and $1,500,000 secured convertible debentures. According to the company, the settlement covers interest owing and adjusts principal balances recorded for the Delbrook funds.

Does the Barksdale (BRKCF) share issuance require regulatory approval or hold periods?

Yes, the issuance remains subject to final TSX Venture Exchange approval and each security is subject to a four-month hold period. According to the company, the hold period expires four months and one day after the date of issue.

What are the immediate investor implications of Barksdale's (BRKCF) March 2026 share-for-debt deal?

Investors should note dilution from 3,904,110 new shares and removal of $351,369.87 interest liability without cash payment. According to the company, the deal reduces secured debenture obligations but increases outstanding share count pending TSXV approval.