BULLETIN V2026-3178
PETROX RESOURCES CORP. ("PTC")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: October 8, 2026
TSX Venture Tier 2 Company
TSX Venture Exchange ("Exchange") has accepted for filing documentation the Assignment, Novation and Assumption Agreement dated August 27, 2026 ("Assignment Agreement") among the Company, PCC Digital ULC ("PCC"), Bennu Holdings LLC ("Bennu"), and a group of arm's length lenders ("Assignors").
Pursuant to the terms of the Assignment Agreement, the Company has acquired all of the Assignors' rights, interests and obligations under the Power Generation Development and Co-operation Agreement made effective July 16, 2026, among the Assignors, PCC and Bennu. In consideration for the Assignment Agreement, the Company has issued to the Assignors an aggregate 3,000,000 common shares of the Company ("Shares") at a deemed price of $0.19 per Share, and a promissory note in the aggregate principal amount of $360,000 CAD ("Note"). The Note will bear an interest rate of 12% per annum, with the accrual period from February 2027 to July 2027. Additionally, the Company has issued 1,000,000 Shares at a deemed price of $0.19 to PCC for its ongoing services in the Cooperation Agreement, and an additional 1,000,000 Share purchase warrants ("Warrants") to Bennu for its ongoing services in the Cooperation Agreement. Each Warrant issued to Bennu will have an exercise price of $0.19 for a period of two years from the date of issuance.
For further details, please refer to the Company's news releases dated August 28, 2026, and September 30, 2026.
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