Angkor Shares For Debt Transaction

About this update from Angkor Resources Corp.

[{"type":"text","content":"Angkor Shares For Debt Transaction\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n GRANDE PRAIRIE, AB, (September 23,\n2025) – TheNewswire - Angkor Resources Corp. (TSXV: ANK and OTC:\nANKOF) (“Angkor” or “the Company”)\n \n\n announces shares for debt transactions for an aggregate\n$1,922,800 debt currently owed by the Company to certain creditors\n(the “\n \n\n Debt\nTransactions\n \n\n “).\n \n\n\n\n Pursuant to the Shares for Debt Transactions, subject\nto approval of the TSX Venture Exchange (“\n \n\n TSXV\n \n\n “), the Company\nhas agreed to issue an aggregate total of 8,263,333 Units at a deemed\nprice of $0.21 per Unit.  Each unit consist of one common share and\none-half share purchase warrant (the “Warrant”). Each\n \n\n full Warrant exercisable to purchase a common share at 0.30\nfor a period of 24 months from the date of issuance.\n \n\n The warrants shall be subject to an acceleration clause. In\nthe event that the Company’s shares trade at $0.40 per share or\nabove for a period of 10 consecutive trading days, a forced exercise\nprovision will come into effect for the warrants issued in connection\nwith this offering.\n \n\n\n\n The Company shall also settle an aggregate total of\n$187,500 through the issuance of common shares at a deemed price of\n$0.21. The shares settlement represents an amount that is owed to\ncertain Directors Officers or Insiders and Management so does not\nqualify for warrants (the “Related Parties”).\n \n\n\n\n The Units and Shares for Debt Transactions\n \n\n being cleared comes from five different sources,\nnamely:\n \n\n\n\n a.\n \n\n Loans of $471,300 including\nprincipal and interest on three facilities.\n \n\n\n\n b.\n \n\n Principal payment of $400,000\non the loan to creditor for the Evesham acquisition.\n \n\n\n\n c.\n \n\n Amounts due to 30%\nparticipating partner as settlement based on funds from Almighty\nResources on the Oyadao North license in their purchase of the license\nfrom Angkor.\n \n\n\n\n d.\n \n\n Notes payable and conversions\nof $875,000 to funders of the original gas capture project in Evesham\nSaskatchewan in 2022.\n \n\n\n\n e.\n \n\n Compensation amounts of\n$62,500 paid to members of management and contractors in...

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