2147239 Alberta Ltd. and others entered into Purchase and Sale Agreement to acquire 39% stake in Working Interest in Wizard Lake oil property from Point Loma Resources Ltd. for CAD 2.9 million on April 20, 2020. The Point Loma announces the sale of 97.5% of its circa 40% working interest in exchange for cancellation of all of the outstanding secured debentures and all amounts owed to the secured creditor. Point Loma will retain a 1% Working Interest in the existing lands and wells subject to various payout provisions and will retain operatorship of the property. The sale is expected to close on or about May 21, 2020.