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CALGARY,
AB, April 17, 2023 /CNW/ - Tuktu Resources
Ltd. ("Tuktu" or the "Company") (TSXV: TUK) is pleased to
announce the closing of the acquisition of assets owned and
operated by an arm's length public company in the southern Alberta
Foothills (the "Assets"), as previously announced in a press
release on March 21, 2023. As
consideration for the Assets, Tuktu paid $2.25 million in cash prior to customary purchase
price adjustments.
The Company is also pleased to announce the appointment of
Kathleen Dixon, P.Geol, MBA to the
Board of Directors. Ms. Dixon is a former Director with BMO Capital
Markets in the Acquisitions and Divestitures group where she was
part of over $20 billion in energy
sector transactions during her 13 years tenure. Prior to BMO, she
worked for 10 years as an area geologist for CNRL and Iteration
Energy. In 2019, Kathleen had an opportunity to take a 3 month
leave of absence to pursue her passion for politics and run as a
candidate in Vancouver for the
Conservative Party of Canada.
After the election, she returned to BMO and completed her ICD.D
designation. Kathleen currently sits on three private company and
not-for-profit boards.
About Tuktu Resources
Ltd.
Tuktu is an Alberta corporation
whose common shares are currently listed on the TSXV under the
trading symbol "TUK". For additional information about Tuktu please
contact:
Tuktu Resources Ltd.
501, 888 – 4th Avenue S.W.
Calgary, Alberta T2P 0V2
This press release does not constitute an offer to sell or
a solicitation of an offer to buy any of the securities in
the United States. The securities
have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act") or
any state securities laws and may not be offered or sold within
the United States or to U.S.
Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such
registration is available.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this press
release.
All amounts in this press release are stated in Canadian dollars
unless otherwise specified.
SOURCE Tuktu Resources Ltd.