Curated News
By: NewsRamp Editorial Staff
January 30, 2026
Angkor Resources AGM Approves Asset Sale, Welcomes New Director
TLDR
- Angkor Resources gains strategic advantage by selling oil assets to eliminate $3.8M debt and redirect $1M toward Cambodian mineral and energy projects for growth.
- Angkor Resources shareholders approved all AGM resolutions including appointing Dr. David Johnson to the board, setting six directors, and selling 40% of Evesham Macklin assets for $4.8M.
- Angkor Resources' strategic shift toward Cambodian energy development supports national resource independence while maintaining responsible governance through shareholder-approved decisions.
- Geoscientist Dr. David Johnson brings 40 years of global exploration experience to Angkor's board following a shareholder vote with 47.78% participation.
Impact - Why it Matters
This news matters because it signals a strategic shift for Angkor Resources, moving from mature Canadian oil and gas assets to focus on high-potential exploration in Cambodia's Block VIII. For investors, the $4.8 million sale reduces debt by $3.8 million and provides fresh capital, potentially lowering financial risk and funding growth initiatives. The appointment of Dr. David Johnson adds valuable expertise to navigate complex international projects, which could enhance operational success in Cambodia's emerging energy sector. As global demand for resources evolves, this pivot positions Angkor to tap into new markets, impacting shareholder value and contributing to Cambodia's economic development through energy independence.
Summary
Angkor Resources Corp. (TSXV: ANK) has announced the successful outcomes of its Annual General Meeting held on January 29, 2026, where shareholders overwhelmingly approved all resolutions with 96,855,431 common shares voted, representing 47.78% of outstanding shares. Key decisions included the reappointment of auditors Davidson & Company LLP, the election of six directors to the board—notably welcoming new director Dr. David Johnson, a geoscientist with over 40 years of global exploration and production experience—and the approval of a rolling stock option plan. Most significantly, shareholders voted in favor of selling the company's 40% interest in the Evesham Macklin oil and gas assets in Saskatchewan for $4.8 million, a strategic move that eliminates $3.8 million in debt and nets $1 million in proceeds, as detailed in the original ANGKOR RESOURCES SIGNS LETTER OF INTENT TO SELL EVESHAM OIL PRODUCTION - Angkor Resources Corp announcement.
The company, a resource optimizer in Cambodia, is redirecting its focus toward the Cambodian onshore Block VIII Project, aiming to advance oil and gas exploration there. CEO Delayne Weeks expressed gratitude for shareholder support and welcomed Dr. Johnson, whose extensive background includes roles at Shell, ExxonMobil, and Husky Energy, and discoveries in regions like the South China Sea. The meeting also marked the retirement of long-time directors Steve Cochrane and Scott Smith, with the company acknowledging their contributions. Angkor's subsidiaries, Angkor Gold Corp. and EnerCam Resources, hold mineral exploration licenses and an onshore oil and gas license in Cambodia, with plans to identify drill targets following 2025 seismic work, as outlined on the company's website https://angkorresources.com.
This news highlights Angkor's strategic pivot from Canadian assets to Cambodian opportunities, leveraging new leadership expertise to drive growth. The shareholder approval underscores confidence in the company's direction, with the asset sale providing financial flexibility to fund exploration in Block VIII. Investors and stakeholders can follow updates via the company's social media channels, including NEWMEDIAWIRE, and view the full release on www.newmediawire.com. The company's forward-looking statements emphasize plans to develop resources and create shareholder value, though they caution about inherent risks in such ventures.
Source Statement
This curated news summary relied on content disributed by NewMediaWire. Read the original source here, Angkor Resources AGM Approves Asset Sale, Welcomes New Director
