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Angkor Announces Conversion Commitments for 100% of its Outstanding Convertible Notes
(TheNewswire) GRANDE PRAIRIE, AB – TheNewswire - (June 13,...
About this update from Angkor Resources Corp.
[{"type":"text","content":"Angkor Announces Conversion Commitments for 100% of its Outstanding Convertible Notes\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n GRANDE PRAIRIE, AB –\n \n \n TheNewswire -\n \n \n (June 13, 2022):\n \n \n Angkor Resources Corp.\n(TSXV:ANK\n \n \n )\n \n \n and\n \n \n (\n \n \n OTC:ANKOF) (“Angkor” or\n“the Company”)\n \n \n announces that it has\nreceived commitments for conversion to equity of 100% aggregate\nprincipal of outstanding convertible notes (the “Notes”) into\ncommon stock of the Company.\n \n \n \n \n Pursuant to the Conversion conditions the Company will\nIssue, in aggregate 4,200,000 common shares at $0.25 per share.\n \n \n \n \n Delayne Weeks, CEO said: \"These commitments for\nconversion of $1,050,000 in our notes payable helps clean up our\nbalance sheet and gives us easier access and more flexibility to\ncapital to expand our projects over the next 12 months.  We consider\nthis to be an important component to advancing Angkor as it moves\nforward. \"\n \n \n \n \n As previously disclosed, insider participation in the\nnotes is in the amount of $500,000 and will equal a total of 2,000,000\ncommon shares.\n \n \n \n \n ABOUT ANGKOR RESOURCES CORP.\n \n \n \n \n Angkor Resources Corp. is a public company, listed on\nthe TSX-Venture Exchange, and is a leading resource optimizer in\nCambodia with several mineral licenses in NE quadrant of the country.\n The company also advances final steps of the Production Sharing\nContract (PSC) terms for Block VIII, a 7,300 square kilometre oil and\ngas license in Cambodia.\n \n \n \n \n CONTACT:\n \n \n \n \n Delayne Weeks, CEO\n \n \n \n \n Telephone: +1 (780) 831-8722\n \n \n \n \n Email: [email protected]\n \n \n Website:\n \n \n \n \n http://www.angkorresources.ca\n \n \n \n \n \n \n Please follow @AngkorResources on\n \n \n LinkedIn\n \n \n ,\n \n \n Facebook\n \n \n ,\n \n \n Twitter\n \n \n ,\n \n \n Instagram\n \n \n and\n \n \n YouTube\n \n \n .\n \n \n \n \n Neither TSX Venture Exchange nor its\nRegulation Services Provider (as that term is defined in the policies\nof the TSX Venture Exchange) accepts responsibility for the adequacy\nor accuracy of this release.\n \n \n \n Copyright (c) 2022 TheNewswire - All rights reserved.\n \n \n","length":4276,"tagName":"div"}]