WA gold explorer Brightstar Resources is now debt-free after just over $6 million in debt was scrubbed from its balance sheet through two cash-less settlements. A larger burden of $5.4 million owed to private company, Stone Resources was lifted from the explorer’s shoulders in exchange for a net smelter royalty over selected tenements held by the company. A smaller debt of $630,000 owed to another private company, Great Cortex International was also extinguished from Brightstar’s books in exchange for a proportionate slice of shares.
19/10/2022 - 16:32
Brightstar primed to fund expanded gold exploration
By Matt Birney
19/10/2022 - 16:32
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Brightstar ResourcesClosing price for the last 90 trading daysPowered by Morningstar ®
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Rank Company Revenue th Anax Metals $293k 89th Brightstar Resources $5.5m 114th Finder Energy $2.7m 116th BPH Energy $2.4m 117th Buxton Resources $2.4m 604 listed resources wa companies ranked by revenue.
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