Tuktu Resources Ltd. (TSXV:TUK) signed a purchase and sale agreement to acquire Certain Oil and Gas Assets in the Southern Alberta Foothills for CAD 1.3 million on December 8, 2022. Tuktu will acquire the Assets for an aggregate Purchase Price of CAD1.3 million, consisting of CAD 100,000 in cash and the issuance of 10.0 million Units, with a deemed price of CAD 0.12 per Unit. The Acquisition is subject to applicable regulatory approvals, parent entity of the Vendor shareholder, board member approval and TSX Venture Exchange review and approval. The acquisition is expected to close early Q1 2023.

Tuktu Resources Ltd. (TSXV:TUK) completed the acquisition of Certain Oil and Gas Assets in the Southern Alberta Foothills on March 20, 2023.