Barrel Energy issues $200K convertible note to CFI Capital at 60% conversion discount

Barrel Energy Inc.

Issued 6% Convertible Redeemable Note to CFI Capital LLC for $200,000 principal; purchase price $180,000 with $20,000 OID.
Net proceeds to company $173,000 after $7,000 legal fees; note matures Aug 21, 2027.
Conversion price set at 60% of lowest trading price over prior 20 days; drops to 50% on DTC chill, 45% on default.
Company reserved 11,111,111 shares; prepayment premiums 105%-140% of principal in first 180 days.

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