Angkor Resources Corp. announced the voting results from its Annual General Meeting of Shareholders held on January 29, 2026, with all resolutions approved by shareholders. The meeting saw 96,855,431 common shares voted, representing approximately 47.78% of the company's outstanding shares. Shareholders reappointed Davidson & Company LLP as auditors, set the number of directors at six, and elected Russ Tynan, Mike Weeks, Terry Mereniuk, Ken Booth, Grant T. Smith, and Dr. David Johnson to the board. The company's rolling stock option plan was also approved.
A significant resolution approved was the sale of the corporation's 40% participating interest in the Evesham Macklin oil and gas lands in Saskatchewan to an arm's length party for $4,800,000. This strategic decision removed $3,800,000 in debt from the company's books and provided $1,000,000 in net proceeds. The original announcement of this transaction is detailed in the ANGKOR RESOURCES SIGNS LETTER OF INTENT TO SELL EVESHAM OIL PRODUCTION - Angkor Resources Corp. document. As a fundamental transaction, shareholder approval was required, with over 99% of voters in favor. The company intends to redirect resources toward its Cambodian onshore Block VIII Project for potential growth.
The appointment of Dr. David Johnson to the board brings extensive geological expertise to Angkor Resources. With over 40 years of global exploration and production experience covering petroleum, natural gas, and helium, Dr. Johnson has worked for major energy companies including Shell, ExxonMobil, Husky Energy, Kuwait Oil Company, and KUFPEC. His career spans more than 40 petroleum jurisdictions worldwide, and he has led acquisitions of numerous Production Sharing Agreements and exploration licenses while making significant discoveries in regions including the South China Sea and Canadian frontiers. Dr. Johnson holds a BSc in Geology from the University of Calgary and a PhD in Geological Oceanography from Dalhousie University.
CEO Delayne Weeks commented on the meeting outcomes, thanking shareholders for their participation and support while welcoming Dr. Johnson to the board. The company also noted the retirement of long-time directors Steve Cochrane and Scott Smith, acknowledging their contributions to Angkor Resources. The shareholder approvals and board changes come as the company focuses on advancing its Cambodian operations, particularly through its energy subsidiary EnerCam Resources, which holds an onshore oil and gas license covering over 4,095 square kilometers in Block VIII. Having completed seismic work in 2025, the company aims to identify drill targets and advance toward Cambodia's first onshore oil and gas exploratory wells.
