Waskahigan Oil & Gas Corp Announces Special Shareholder Meeting

Calgary-based Waskahigan Oil & Gas Corp (WOGC) has scheduled a special shareholder meeting for June 4, 2025, at 7:00 am. The meeting will address four key agenda items impacting the company's strategic direction. The plan involves the spin-off and shareholder distribution of subsidiary Fox Creek Energy Ltd and Odaat Oil Corp after asset sales. The sales require Alberta Energy Regulator approval. The company also plans a reverse takeover of Terra Metals Inc., contingent on Odaat's asset resolution.

WOGC seeks approval to go private if these transactions fail by December 2025, including share class restructuring and potential company delisting from the Canadian Securities Exchange. Both the board and major shareholders support these measures. A court application is scheduled for June 6, 2025, with shareholder participation allowed virtually.