ANGKOR RESOURCES CONTRACTS SCANDINAVIAN ALLIANCE FOR INTERNATIONAL MARKETING

GRANDE PRAIRIE, AB, (Nov. 24, 2021): Angkor Resources Corp. (TSXV: ANK and OTC: ANKOF) (“Angkor” or “the Company”) reports it has signed a contract with Scandinavian Alliance (SA) to provide marketing services internationally.

Scandinavian Alliance is head-quartered in Stockholm, Sweden and deals with marketing services of clients on the TSX, CSE, Australia’s ASX, London Stock Exchange, Nasdaq OMX, New York NYSE, Frankfurt Burse, and Oslo stock exchanges.   Their primary marketing targets northern Europe,  Norway, Denmark, Sweden, and Finland.   They have very successful track record in the resource sector. 

Angkor has undertaken a six-month marketing contract from November 2021 to end of May, 2022 with Scandinavian Alliance under terms that include a total of 1.77 million stock options to be granted for the services provided.   The options will be exercisable for a period of 12 months for an exercise price of $0.09 per share. The options shall be subject to vesting periods whereby 1/3 will be released every 2 months. The options shall be governed by the terms Company’s option plan.

Delayne Weeks, CEO, comments, “This is a great opportunity to expand our story and our market into areas of Scandinavia and Europe.  Building in the perspectives of institutions and investors from other parts of the world including what they are motivated to pursue in resource development, and how they want to earn their returns is paramount in implementing a strategy that aligns with Angkor.  We are very pleased to be working with Scandinavian Alliance to increase our audience and shareholder base.”  

ABOUT ANGKOR RESOURCES CORP.

Angkor Resources Corp. is a public company, listed on the TSX-Venture Exchange, and is a leading resource optimizer in Cambodia with multiple licenses in NE quadrant of the country.  In 2020, the company received approval and initiated negotiations on Production Sharing Contract (PSC) terms for Block VIII, a 7,300 square kilometre oil and gas license in Cambodia.

CONTACT:

Delayne Weeks, CEO                                                  Telephone: +1 (780) 831-8722

Email: da@angkorgold.ca

Website: https://www.angkorresources.ca  or follow us on Twitter @AngkorResources

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to the potential for gold and/or other minerals at any of the Company’s properties, the prospective nature of any claims comprising the Company’s property interests, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, uncertainty of sample results, timing and results of future exploration, and the availability of financing.  Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Category: Press Release