Angkor Resources Corp. (TSXV: ANK) announced the voting results from its Annual General Meeting of Shareholders held on January 29, 2026, where all resolutions were approved, including the reappointment of auditors, the election of six directors, the approval of the rolling stock option plan, and the sale of the company's 40% participating interest in the Evesham Macklin oil and gas lands in Saskatchewan.
Shareholders voted overwhelmingly in favor of the sale, which removes a $3.8 million debt from the company's books and provides $1 million in net proceeds. The transaction was deemed a fundamental change requiring shareholder approval, with over 99% of votes cast in support. The company plans to redirect resources to its Cambodian onshore Block VIII project, aiming for potential growth. The original letter of intent was detailed in a previous announcement: ANGKOR RESOURCES SIGNS LETTER OF INTENT TO SELL EVESHAM OIL PRODUCTION - Angkor Resources Corp.
Dr. David Johnson was elected to the board, bringing over 40 years of global exploration and production experience in petroleum, natural gas, and helium. His career includes roles at Shell, Exxon Production Research, ExxonMobil Exploration, Husky Energy, Kuwait Oil Company, and KUFPEC. Dr. Johnson holds a BSc in Geology from the University of Calgary and a PhD in Geological Oceanography from Dalhousie University. His expertise in bid-round acquisitions and discoveries in the South China Sea, Canadian Frontiers, and Western Canada is expected to guide the company's strategic direction.
CEO Delayne Weeks commented, "On behalf of the Company, I would like to thank shareholders for their participation and continuing support. We welcome Dr. Johnson to the Board." The company also acknowledged the retirement of long-time directors Steve Cochrane and Scott Smith, expressing gratitude for their contributions.
The sale of the oil and gas assets represents a strategic pivot for Angkor Resources, which now focuses on its Cambodian operations. Through its subsidiary EnerCam Resources, the company holds an onshore oil and gas license for Block VIII, covering approximately 4,095 square kilometers after removing parks and protected areas. EnerCam completed seismic surveys in 2025 and aims to identify drill targets and advance to drilling Cambodia's first onshore exploratory wells. The company believes this project holds significant potential for growth and value creation.
Angkor Resources Corp. is a TSX Venture Exchange-listed company focused on mineral and energy solutions in Cambodia. Its mineral subsidiary, Angkor Gold Corp., holds two exploration licenses with copper and gold prospects. The company's strategic decisions at the AGM reflect a commitment to streamlining operations and concentrating on high-potential assets. For more information, visit the company's website: https://angkorresources.com.
