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Angkor Resources Signs Definitive Agreement to Sell Evesham Oil Production
(TheNewswire)   GRANDE PRAIRIE, ALBERTA – TheNewswire - January 5, 2026 - ANG...
About this update from Angkor Resources Corp.
[{"type":"text","content":"Angkor Resources Signs Definitive Agreement to Sell Evesham Oil Production\n(TheNewswire)\n\n\n\n \n\n\nGRANDE PRAIRIE, ALBERTA –\nTheNewswire - January 5, 2026 - ANGKOR RESOURCES CORP.\n(TSXV: ANK) (“ANGKOR” OR “THE COMPANY”) is pleased to announce that it has\ncompleted the Definitive Agreement (“Agreement”) with an\narm's length party (the \"Purchaser\") to sell its 40%\nparticipating interest in the Evesham Macklin oil and gas lands (the\n\"Assets\") in Saskatchewan at a sale price of $4,800,000. The\nsale of the Assets is anticipated to be completed on January 30, 2026\n(the \"Closing Date\").\n\n\n \n\n\nThe Assets were acquired by the Company through its\nwholly owned-subsidiary EnerCam Exploration Ltd. on December 12, 2023\nand the Purchaser provided a loan (the \"Loan\") to fund the\nacquisition. The outstanding amount of the Loan is $3,800,000. \n\n\n \n\n\nThe Agreement, which was signed on\nDecember 31, 2025, follows the original announcement of the signing of\na Letter of Intent, ANGKOR RESOURCES SIGNS LETTER OF INTENT\nTO SELL EVESHAM OIL PRODUCTION - Angkor Resources Corp.\n on December 15, 2025.\n\n\n \n\n\nTransaction Summary\n\n\nThe terms of the Agreement include:\n\n\n(a) a $250,000 non-refundable deposit which was paid on\nDecember 19, 2025; \n\n\n(b) a payment of $375,000 payable on the Closing Date\nof January 30, 2026; \n\n\n(c) the balance of the Loan will be applied to the\npurchase price on the Closing Date;  \n\n\n(d) a final payment of $375,000 is payable on March 1,\n2026; and\n\n\n(e) all profit entitlements and operating and capital\ncommitments under the Assets after \n\n\n      October 1, 2025 shall accrue to the Purchaser.\n\n\n\n \n\n\nConditions to Closing\n\n\nThe transaction is subject to shareholder approval\nwhich will be confirmed at the Annual General Meeting of the Company\non January 29, 2026 and is also subject to receipt of all applicable\nregulatory approval of the stock exchange.\n\n\n \n\n\nNo finder’s fees were paid on the transaction.\n\n\n \n\n\n \n\n\n\n\n\nABOUT ANGKOR RESOURCES\nCORPORATION\n\n\nANGKOR Resources Corp. is a public\ncompany, listed on the TSX-Venture Exchange (ANK) and on OTCQB\n(ANKOF), and is a leading resource optimizer in Cambodia worki...