Angkor Resources Corp. announced voting results from its Annual General Meeting held January 29, 2026, with shareholders approving all resolutions, including the appointment of Dr. David Johnson to the Board of Directors. The company reported that 96,855,431 common shares, representing approximately 47.78% of outstanding shares, were voted at the meeting. Shareholders approved several key measures, including reappointing Davidson & Company LLP as auditors, setting the number of directors at six, and approving the company's rolling stock option plan.
Most significantly, shareholders approved 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. The original announcement of this transaction is detailed in the company's ANGKOR RESOURCES SIGNS LETTER OF INTENT TO SELL EVESHAM OIL PRODUCTION - Angkor Resources Corp. release. The asset sale represents a strategic shift for the company, removing $3,800,000 in debt from its books while providing $1,000,000 in net proceeds. Over 99% of voting shareholders supported this fundamental transaction, which the company states will allow it to redirect resources toward its Cambodian onshore Block VIII Project for potential growth.
The company's detailed Management Information Circular explaining all resolutions is available on its website at https://angkorresources.com. Dr. David Johnson joins the board following the meeting, bringing more than 40 years of global exploration and production experience covering petroleum, natural gas, and helium. His career includes positions with Shell, Exxon Production Research, ExxonMobil Exploration, Husky Energy, the Kuwait Oil Company, and KUFPEC. Johnson has led bid-round acquisitions of more than 20 Production Sharing Agreements and exploration licenses across more than 40 petroleum jurisdictions worldwide, with significant discoveries in the South China Sea, Canadian Frontiers, and Western Canada.
The company also noted the retirement of long-time directors Steve Cochrane and Scott Smith, acknowledging their contributions and ongoing support. CEO Delayne Weeks commented on the shareholder participation and welcomed Dr. Johnson to the board. This leadership transition and strategic asset sale come as Angkor Resources focuses on advancing its Cambodian operations through its energy subsidiary EnerCam Resources, which holds an onshore oil and gas license covering over 4,095 square kilometers in Block VIII.
