Petrox Resources closes power generation agreement acquisition

Calgary, Alberta - Petrox Resources Corp. finalized the acquisition of rights and obligations under a Power Generation Development and Cooperation Agreement, as per a press release. The transaction, involving assignment agreement dated August 27, 2026, took place on September 7, 2026. Petrox acquired all rights, interests, and obligations from PCC Digital ULC and Bennu Holdings, LLC.

In return, Petrox issued 3,000,000 common shares to the assignors, 1,000,000 shares to PCC Digital ULC, and 1,000,000 purchase warrants to Bennu Holdings. An additional 100,000 shares were allocated to an arm's length finder. All securities are subject to a four-month and one-day statutory hold period. Post-transaction, Petrox Resources now has 17,613,231 common shares issued and outstanding. The deal was initially announced on August 28, 2026.