Angkor Resources Corp. has announced the results of its Annual General Meeting of Shareholders held on January 29, 2026, with all presented resolutions receiving shareholder approval. The meeting saw participation from holders of approximately 47.78% of the company's outstanding common shares, totaling 96,855,431 votes cast in person and by proxy. Shareholders voted to reappoint Davidson & Company LLP as auditors, set the number of directors at six, approve the company's rolling stock option plan, and authorize the sale of the corporation's 40% participating interest in the Evesham Macklin oil and gas lands in Saskatchewan.
The asset sale represents a significant strategic shift for the company. The transaction, valued at $4,800,000, removes $3,800,000 in debt from Angkor's books while providing $1,000,000 in net proceeds. This fundamental transaction required shareholder approval, with over 99% of voters supporting the move. The company stated this decision allows it to redirect resources toward its Cambodian onshore Block VIII Project for potential growth. The original announcement of this strategic move can be referenced in the company's earlier communication available at https://angkorresources.com.
A key outcome of the meeting was the election of Dr. David Johnson to the board of directors, filling one of the six director positions alongside Russ Tynan, Mike Weeks, Terry Mereniuk, Ken Booth, and Grant T. Smith. Dr. Johnson brings more than 40 years of global exploration and production experience in petroleum, natural gas, and helium. His extensive career includes positions with major energy companies such as Shell, ExxonMobil, Husky Energy, the Kuwait Oil Company, and KUFPEC, covering operations in more than 40 petroleum jurisdictions worldwide.
The company also acknowledged the retirement of long-time directors Steve Cochrane and Scott Smith, thanking them for their contributions and noting their continued support for Angkor's success. CEO Delayne Weeks commented on the meeting outcomes, expressing gratitude for shareholder participation and welcoming Dr. Johnson to the board.
This strategic repositioning comes as Angkor focuses its efforts on Cambodia, where its energy subsidiary, EnerCam Resources, holds an onshore oil and gas license covering over 4,095 square kilometers in Block VIII. The company has completed seismic work in 2025 and aims to identify drill targets for what could become Cambodia's first onshore oil and gas exploratory wells. Meanwhile, Angkor's mineral subsidiary continues exploration activities under two mineral exploration licenses in Cambodia with copper and gold prospects.
The implications of these developments are significant for both the company and the broader resource sector. The asset sale provides immediate financial relief through debt reduction while generating capital that can be deployed toward potentially higher-growth opportunities in Cambodia. The appointment of Dr. Johnson adds substantial technical expertise to guide the company's exploration efforts, particularly valuable as Angkor advances its Cambodian projects. For shareholders, these moves represent a strategic pivot toward international exploration with potentially greater upside, though they also involve the inherent risks of frontier resource development. The company's ability to execute its Cambodian exploration plans will be closely watched by industry observers interested in Cambodia's emerging resource potential.
