Barnwell Finalizes Monetization of Water Resources International Sale

MT Newswires Live

06/18

Barnwell Industries (BRN) has received full repayment of the seller financing provided in connection with the sale of its Hawaii-based water well drilling and pump installation business, Water Resources International, the company said Thursday.

Barnwell sold Water Resources for gross proceeds of around $1.1 million, including seller financing.

The company continues to evaluate strategic alternatives for its Canadian oil and gas assets, including a potential sale, it said.

Barnwell shares were down 1.8% in premarket activity.

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