DECKLAR RESOURCES INC. ("DKL")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 10, 2022
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a share purchase agreement dated May 6, 2022 (the "Agreement") between the Company and Westoil Limited and David Irokosu (the "Vendors"). Pursuant to the terms of the Agreement, the Company may acquire 100% of Westfield Exploration and Production Limited ("Westfield"). By way of consideration, the Company will make cash payments totalling $7,000,000 USD and will issue 6,000,000 shares at a deemed price of $1.00 USD per share. In addition, up to 2,500,000 shares can be issued to the Vendors in the event Westfield acquires up to a 40% equity interest it currently does not hold in the Emohua Field.
Please refer to the Company's news release dated June 6, 2022 for further details.
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