Core Points - Angkor Resources Corp. has received approval from the TSX Exchange for a 'shares for debt' transaction to address an aggregate debt of $1,922,800 owed to certain creditors [1][2] - The transaction involves the issuance of 9,156,190 shares at $0.21 each and 4,131,667 warrants, with each warrant exercisable at $0.30 for 24 months [2] - The common shares issued will be subject to a hold period of four months and one day following issuance [3] Company Overview - Angkor Resources Corp. is a public company listed on the TSX-Venture Exchange, focusing on mineral and energy solutions in Cambodia and Canada [4] - The company’s mineral subsidiary, Angkor Gold Corp., holds two mineral exploration licenses in Cambodia, while its energy subsidiary, EnerCam Resources, has an onshore oil and gas license covering 4,095.1 square kilometers [5] - Since 2022, Angkor's Canadian subsidiary, EnerCam Exploration Ltd., has been engaged in gas/carbon capture and oil and gas production in Evesham, Saskatchewan [6]

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]