Angkor Resources Corp. (TSXV: ANK) announced the closing of the sale of its 40% participating interest in the Evesham Macklin oil and gas lands in Saskatchewan, with all final payments received and deposited. The transaction, which received conditional approval from the TSX Venture Exchange, removes $3.8 million in debt from the company's books and provides $1 million in net proceeds to advance its Cambodian projects.
As previously announced on January 5, 2026, the company's wholly-owned subsidiary, EnerCam Exploration Ltd., entered into an Agreement of Purchase and Sale with 2196231 Alberta Ltd., an arm's length party, for a purchase price of $4.8 million. Payments included a $250,000 non-refundable deposit on December 19, 2025, a $375,000 payment on January 30, 2026, the balance of a loan of $3.8 million applied on closing, and a final payment of $375,000 received on March 1, 2026. All profit entitlements and operating and capital commitments after October 1, 2025 have accrued to the Purchaser.
Shareholder approval for the disposition was obtained at the Annual General and Special Meeting on January 29, 2026, with over 99% of votes cast in favor. The strategic sale allows Angkor to focus on its Cambodian onshore Block VIII oil and gas project and mineral exploration programs, which the company believes represent the highest potential for growth and value creation.
Delayne Weeks, CEO, stated, 'We are pleased to announce the successful closing of the Evesham disposition. This transaction eliminates $3,800,000 in debt and provides the Company with additional working capital. We can now focus our resources and efforts on advancing our Cambodian onshore Block VIII oil and gas project and our mineral exploration programs, which represent the highest potential for growth and value creation for our shareholders.' Weeks added that discovering oil and gas in Cambodia as a new jurisdiction is a country changer, bringing energy independence, reducing hydrocarbon imports, and developing new skillsets and employment opportunities.
Angkor Resources Corp. is a public company listed on the TSX-Venture Exchange and a leading resource optimizer in Cambodia. Its mineral subsidiary, Angkor Gold Corp., holds two mineral exploration licenses in Cambodia with multiple copper and gold prospects. Its energy subsidiary, EnerCam Resources, was granted an onshore oil and gas license of 7,300 square kilometers in Block VIII, southwest Cambodia. After removing parks and protected areas and adding 220 square kilometers, the license area is just over 4,095 square kilometers. EnerCam is actively advancing exploration activities, having completed seismic in 2025, identified multiple drill targets, and is advancing an Environmental Impact Assessment and drilling plans to drill Cambodia's first onshore oil and gas exploratory wells.
For more information, visit the company's website at angkorresources.com.
