Waskahigan Oil & Gas Corp Completes Dividend, 4:1 Consolidation and Spinout of FCE Shares

Waskahigan Oil & Gas Corp Completes Dividend, 4:1 Consolidation and Spinout of FCE Shares - June 30-25

ACCESS Newswire
04 Jul 2025, 00:38 GMT+10

CALGARY, AB / ACCESS Newswire / July 3, 2025 / Waskahigan Oil & Gas Corp (WOGC:CSE) ("WOGC") wishes to announce that on June 27, 2025, WOGC effected: (a) a 4 old for 1 new consolidation of its common shares; and (b) a dividend of 123,809 post consolidated common shares to certain WOGC shareholders. Post consolidation there will be 3,423,026 WOGC common shares. On June 30, 2025, WOGC, Fox Creek Energy Ltd. ("FCE") and Odaat Oil Corp ("Odaat") filed Articles of Arrangement with the Registrar of Corporations for the Province of Alberta to give effect to a Plan of Arrangement dated January 1, 2023 (which was amended on September 27, 2024 and May 1, 2025). The Plan of Arrangement was approved by the Court of King's Bench of Alberta on April 6, 2023 (as amended on December 20, 2023, May 28, 2024, October 22, 2024, March 6, 2025 and June 6, 2025). Pursuant to the Plan of Arrangement, on June 30, 2025, WOGC issued a dividend to its shareholders of 3,423,026 FCE common shares on a 1:1 basis. As a result of the dividend, FCE will no longer be a subsidiary of WOGC. FCE will be a reporting issuer in Alberta and British Columbia. The common shares of FCE will not trade on any stock exchange.

Gregory J. Leia, President and CEO
Waskahigan Oil & Gas Corp.
Fox Creek Energy Ltd.
Suite 203 - 221 - 10^th Avenue SE
Calgary Alberta T2G 0V9
T: (403) 870 0091
[email protected]

SOURCE: Waskahigan Oil & Gas Corp

View the original press release on ACCESS Newswire

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Canada Standard.

More Information

null in null

International

Section

UK lawmakers desigate protest group as terrorist organization

LONDON, UK - Lawmakers in the United Kingdom have voted overwhelmingly to proscribe the direct-action group Palestine Action as a terrorist...

Dalai Lama to address Buddhist conference, reveal succession plan

DHARAMSHALA, India: The Dalai Lama is set to address a significant three-day conference of Buddhist leaders this week, coinciding with...

US Supreme Court backs Texas efforts to shield minors online

WASHINGTON, D.C.: In a significant ruling last week, the U.S. Supreme Court upheld a Texas law requiring age verification for users...

Turkey, France battle wildfires amid early Europe heatwave

ISTANBUL/PARIS/BRUSSELS: As searing temperatures blanket much of Europe, wildfires are erupting and evacuation orders are being issued...

Venetians protest Bezos wedding with march through the town

VENICE, Italy: Over the weekend, hundreds of protesters marched through the narrow streets of Venice to voice their opposition to billionaire...

New French law targets smoking near schools, public spaces

PARIS, France: France is taking stronger steps to reduce smoking. A new health rule announced on Saturday will soon ban smoking in...

Sports

Section