Core Points - Angkor Resources Corp. is executing shares for debt transactions to settle an aggregate debt of $1,922,800 owed to certain creditors [1][2] - The company plans to issue a total of 8,263,333 Units at a deemed price of $0.21 per Unit, with each Unit consisting of one common share and one-half share purchase warrant [2] - The warrants are exercisable at $0.30 for a period of 24 months and include an acceleration clause if shares trade at $0.40 for 10 consecutive days [2] Debt Settlement Details - The debt settlement includes various components: - Loans totaling $471,300 [4] - A principal payment of $400,000 related to the Evesham acquisition [4] - Amounts due to a 30% participating partner from the Oyadao North license [4] - Notes payable and conversions of $875,000 for the gas capture project in Evesham [5] - Compensation of $62,500 to management and contractors in lieu of cash [5] Management Commentary - The CFO of Angkor expressed satisfaction with the debt settlement, highlighting that it significantly improves the company's balance sheet and reduces interest expenses [6] - The company aims to focus resources on core business initiatives and long-term goals following this transaction [6] Related Party Transactions - The debt conversion involves certain insiders, categorizing it as a "related party transaction" under Multilateral Instrument 61-101 [7] - Angkor may rely on exemptions from formal valuation and minority approval requirements due to the nature of the transaction [8] Closing Conditions - The closing of the Shares for Debt Transaction is subject to customary conditions, including approval from the TSX Venture Exchange [9] - Common Shares issued will be subject to a hold period of four months and one day following issuance [9] Company Overview - Angkor Resources Corp. is a public company listed on the TSX-Venture Exchange, focusing on resource optimization in Cambodia and Canada [10] - The company is involved in carbon capture and gas conservation projects, as well as mineral exploration in Cambodia [10]