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Angkor Resources Announces Closing of Evesham Oil and Gas Sale
(TheNewswire)   GRANDE PRAIRIE, ALBERTA – TheNewswire - March 6, 2026 - ANGKO...
About this update from Angkor Resources Corp.
[{"type":"text","content":"Angkor Resources Announces Closing of Evesham Oil and Gas Sale\n(TheNewswire)\n\n\n\n \n\n\nGRANDE PRAIRIE, ALBERTA –\nTheNewswire - March 6, 2026 - ANGKOR RESOURCES CORP.\n(TSXV: ANK) (“ANGKOR” OR “THE COMPANY”)  announces the completion of all\nfinal payments and closing of the sale of its 40% participating\ninterest (the “Assets”) in the Evesham Macklin oil and gas lands\nin Saskatchewan. The transaction has received conditional approval\nfrom the TSX Venture Exchange.\n\n\n \n\n\nAs previously announced (ANGKOR RESOURCES SIGNS DEFINITIVE\nAGREEMENT TO SELL EVESHAM OIL PRODUCTION - Angkor Resources\nCorp,) January 5, 2026), the Company’s\nwholly-owned subsidiary, EnerCam Exploration Ltd. (the “Vendor”),\nentered into an Agreement of Purchase and Sale dated December 31, 2025\n(the “Agreement”) with 2196231 Alberta Ltd., an arm’s length\nparty (the “Purchaser”), for the disposition of the Assets at a\npurchase price of $4,800,000.\n\n\nAll payments under the Agreement have now been received\nand deposited into the Company’s accounts, including:\n\n\n(a)  a $250,000 non-refundable\ndeposit paid on December 19, 2025;\n\n\n(b)  a payment of $375,000 paid\non January 30, 2026;\n\n\n(c)  the balance of the Loan of\n$3,800,000, applied to the purchase price on closing;\n\n\n(d)  a final payment of $375,000\nreceived on March 1, 2026; and\n\n\n(e)  all profit entitlements and\noperating and capital commitments under the Assets after October 1,\n2025 have accrued to the Purchaser.\n\n\nThe sale of the oil and gas assets was a strategic\ndecision that removed a debt of $3,800,000 off the books and provided\nthe Company with $1,000,000 in net proceeds. Shareholder approval for\nthe disposition was obtained at the Annual General and Special Meeting\nof Shareholders held on January 29, 2026, where over 99% of the votes\ncast were in favour of the transaction.\n\n\n \n\n\nDelayne Weeks, CEO, commented “We are pleased to\nannounce the successful closing of the Evesham disposition. This\ntransaction eliminates $3,800,000 in debt and provides the Company\nwith additional working capital. We can now focus our resources and\nefforts on advancing our Cambodian onshore Block VIII oil an...