Thenewswire·2026-01-05 14:00Core Viewpoint - Angkor Resources Corp. has finalized a Definitive Agreement to sell its 40% interest in the Evesham Macklin oil and gas lands for $4,800,000, with the transaction expected to close on January 30, 2026 [1][2]. Transaction Details - The assets were acquired through the subsidiary EnerCam Exploration Ltd. on December 12, 2023, with a loan of $3,800,000 provided by the Purchaser to fund the acquisition [2]. - The Agreement was signed on December 31, 2025, following a Letter of Intent announced on December 15, 2025 [2]. - The payment structure includes a non-refundable deposit of $250,000 paid on December 19, 2025, a payment of $375,000 due on the Closing Date, the balance of the Loan applied to the purchase price, and a final payment of $375,000 due on March 1, 2026 [7]. Conditions to Closing - The transaction requires shareholder approval, which will be confirmed at the Annual General Meeting on January 29, 2026, and is also subject to regulatory approval from the stock exchange [4]. Company Overview - Angkor Resources Corp. is a public company listed on the TSX-Venture Exchange and OTCQB, focusing on mineral and energy solutions in Canada and Cambodia [6]. - The company's mineral subsidiary, Angkor Gold Corp., holds two mineral exploration licenses in Cambodia, focusing on copper and gold [6]. - EnerCam Resources, the company's energy subsidiary, has been granted an onshore oil and gas license in Cambodia, actively pursuing oil and gas exploration [8].