Waskahigan Oil & Gas Corp Announces Share Purchase Agreement

Waskahigan Oil & Gas Corp (WOGC) has entered a definitive share purchase agreement with Terra Metals Inc, spearheading a reverse takeover. This transaction involves acquiring all TMI-Del shares and results in WOGC holding stakes in TMI-Zambia, Lunda, and CARE. The purchase price amounts to $21,080,000 CDN, with shares valued at $0.50 each. Conditions include completing due diligence and gaining CSE listing approval by predetermined dates. In preparation, WOGC will consolidate shares, undergo a name change, and execute a spinout of Fox Creek Energy Ltd. The shareholders approved this strategic move, aligning with the company’s expansive goals in the Zambian mining sector.