BRS Resources (TSX.V: BRS) announced that it has completed the conversion of two convertible notes in the aggregate principal amount of $6,000,000 into an aggregate of 20,000,000 common shares of BRS at a conversion price of $0.30 per share. Subscribers of the convertible notes and recipients of the common shares are two hedge funds managed by Carlson Capital L.P.

Carlson Capital, L.P. is an alternative asset management firm. Founded in 1993, the firm currently manages over six billion dollars across multiple hedge fund products. Based in Dall...


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