Angkor Resources Corp. announced the voting results from its Annual General Meeting held on January 29, 2026, including the appointment of Dr. David Johnson to its Board of Directors. All resolutions presented were approved by shareholders, with approximately 47.78% of outstanding common shares represented at the meeting.
A key resolution approved the sale of the company's 40% participating interest in the Evesham Macklin oil and gas lands in Saskatchewan to an arm's length party for $4.8 million. This strategic transaction removed $3.8 million in debt from the company's books and provided $1 million in net proceeds. The company stated this move allows it to redirect resources toward its Cambodian onshore Block VIII Project for potential growth. 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 available on the company's website. Over 99% of voting shareholders approved this fundamental transaction.
Shareholders also voted to set the number of directors at six, electing Russ Tynan, Mike Weeks, Terry Mereniuk, Ken Booth, Grant T. Smith, and the newly appointed Dr. David Johnson. The meeting marked the retirement of long-time directors Steve Cochrane and Scott Smith.
Dr. David Johnson brings over 40 years of global exploration and production experience to the board, having worked for major energy companies including Shell, ExxonMobil, Husky Energy, the Kuwait Oil Company, and KUFPEC. His expertise spans petroleum, natural gas, and helium across more than 40 jurisdictions worldwide. He holds a BSc in Geology from the University of Calgary and a PhD in Geological Oceanography from Dalhousie University.
The company's strategic pivot follows its development of the Cambodian 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. This shift represents a significant strategic realignment for the TSX-Venture listed company, which also maintains mineral exploration licenses in Cambodia through its subsidiary Angkor Gold Corp.
The appointment of Dr. Johnson, combined with the strategic asset divestiture, signals Angkor Resources' commitment to leveraging deep industry expertise as it pursues what could be transformative energy development in Cambodia. For business and technology leaders monitoring emerging markets and resource development, these moves demonstrate how junior resource companies are strategically reallocating capital and expertise toward high-potential, frontier projects while managing balance sheet obligations.
