Angkor Resources Corp. (TSXV: ANK) announced the results of its Annual General Meeting of Shareholders held on January 29, 2026, where all resolutions were approved, including the sale of the company's 40% participating interest in the Evesham Macklin oil and gas lands in Saskatchewan and the appointment of Dr. David Johnson to the board of directors.
Shareholders voted overwhelmingly in favor of the asset sale, with over 99% support. The transaction, valued at $4,800,000, removed $3,800,000 in debt from the company's books and provided $1,000,000 in net proceeds. The company stated that the sale was a strategic decision to redirect resources toward its Cambodian onshore Block VIII Project, which is expected to drive potential growth. The original letter of intent for the sale can be found at Angkor Resources Signs Letter of Intent to Sell Evesham Oil Production.
A total of 96,855,431 common shares, representing approximately 47.78% of outstanding shares, were voted at the meeting. Shareholders also reappointed Davidson & Company LLP as auditors, set the number of directors at six, and approved the company's rolling stock option plan. The elected directors include Russ Tynan, Mike Weeks, Terry Mereniuk, Ken Booth, Grant T. Smith, and Dr. David Johnson.
Dr. David Johnson brings over 40 years of global exploration and production experience, having worked with Shell, ExxonMobil, Husky Energy, Kuwait Oil Company, and KUFPEC. His expertise covers petroleum, natural gas, and helium across more than 40 jurisdictions. The company expects his appointment to bolster its technical capabilities as it advances its Cambodian operations.
CEO Delayne Weeks thanked shareholders for their support and welcomed Dr. Johnson to the board. The company also acknowledged the retirements of long-time directors Steve Cochrane and Scott Smith, expressing gratitude for their contributions.
Angkor Resources Corp. is a resource optimizer focused on mineral and energy solutions in Cambodia. Its subsidiary, Angkor Gold Corp., holds two mineral exploration licenses with copper and gold prospects. Its energy subsidiary, EnerCam Resources, holds an onshore oil and gas license for Block VIII, covering over 4,095 square kilometers after removing protected areas. The company completed seismic surveys in 2025 and aims to identify drill targets for Cambodia's first onshore exploratory wells. More information is available on the company's website at https://angkorresources.com.
This press release contains forward-looking statements regarding the company's plans and expectations, which are subject to risks and uncertainties. Actual results may differ materially from those projected.
