Angkor Resources Announces Closing of Evesham Oil and Gas Sale

Core Viewpoint - Angkor Resources Corp. has successfully completed the sale of its 40% interest in the Evesham Macklin oil and gas lands, which has resulted in the elimination of $3,800,000 in debt and provided $1,000,000 in net proceeds for the company [1][4]. Group 1: Transaction Details - The sale was executed at a purchase price of $4,800,000, with all payments received and deposited into the company's accounts [2][3]. - The transaction received conditional approval from the TSX Venture Exchange and was supported by over 99% of shareholder votes during the Annual General and Special Meeting held on January 29, 2026 [1][4]. Group 2: Financial Impact - The sale removed $3,800,000 in debt from the company's balance sheet, enhancing its financial position [4]. - The company now has $1,000,000 in net proceeds, which will be utilized for further investments and operational activities [4][5]. Group 3: Future Focus - The company plans to redirect its resources towards advancing its Cambodian onshore Block VIII oil and gas project, which is seen as a significant growth opportunity [5]. - The exploration activities in Cambodia aim to establish the country as an oil and gas producer, contributing to energy independence and job creation [5][7]. Group 4: Company Overview - Angkor Resources Corp. is a public company listed on the TSX-Venture Exchange, focusing on mineral and energy solutions in Cambodia [6]. - The company holds two mineral exploration licenses in Cambodia and is actively pursuing oil and gas exploration in Block VIII, covering an area of over 4,095 square kilometers [6][7].