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ROK Resources Inc. Announces Transformational $72 Million Acquisition of Sustainable, Producing, Oil-Weighted Assets, Including a Strategic Interest in the World-Class Weyburn CCUS EOR Project, and $75 Million in Financing
February 3, 2022
ROK Resources Inc. (“ROK” or the “Company“) (TSXV: ROK) is pleased to announce that it has entered into an arms-length definitive agreement to acquire certain oil & gas assets (the “Assets“), primarily in Saskatchewan and Alberta, from Federated Co-operatives Limited and its wholly-owned subsidiary 2214896 Alberta Ltd. (collectively, “FCL“), for total consideration of approximately $72 million (“Transaction Value” or “TV“), before closing adjustments (the “Acquisition“)
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