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Angkor Resources Signs Definitive Agreement to Sell Evesham Oil Production
Thenewswire· 2026-01-05 14:00
Core 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].
Angkor Resources Assists With Aid Efforts For Displaced Cambodians Due To Border Conflict
Thenewswire· 2025-07-31 12:50
Group 1 - Angkor Resources Corp. is providing aid to displaced residents affected by the recent border conflict between Thailand and Cambodia, which has caused significant hardship for tens of thousands of Khmer citizens [1][4] - The company contributed five tonnes of rice and household containers to support community members whose homes were damaged or who were evacuated due to the conflict [2][3] - The border conflict has resulted in over 260,000 people being displaced on both sides, with a ceasefire agreement reached on July 28, 2025 [4] Group 2 - Angkor Resources Corp. is a public company listed on the TSX-Venture Exchange, focusing on mineral and energy solutions in Cambodia and Canada [6] - The company is involved in carbon capture and gas conservation projects in Saskatchewan, Canada, as part of its commitment to environmental and social projects [6] - Angkor's mineral subsidiary holds three exploration licenses in Cambodia, and its energy subsidiary has an onshore oil and gas license covering 7,300 square kilometers in Block VIII, which was voluntarily reduced in size [6]