Barnwell Industries Advances Strategic Transformation Through Sale of Remaining Hawaii Development Interests
Barnwell Industries, Inc. (NYSE American:BRN) today announced that it has entered into a definitive agreement to sell its remaining Hawaii development interests and related project rights. The transaction represents another important step in Barnwell's strategy to simplify its portfolio, strengthen its balance sheet and redeploy capital toward higher-return opportunities.Barnwell expects to receive approximately $1.5 million in net cash proceeds...
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