Waskahigan Oil & Gas Corp. and Terra Metals Parties Announce Mutual Resolution

Executive Summary

• Waskahigan Oil & Gas Corp. (WOGC) and the Terra Metals Parties have mutually agreed to terminate their previously announced proposed transaction.
• All court proceedings, arbitration filings, and regulatory communications related to the deal are being discontinued, and each party releases the other from any claims.
• The termination is amicable, with no admission of fault, and supersedes earlier unilateral disclosures about the transaction.

Key Details

• Parties involved: Waskahigan Oil & Gas Corp.; Terra Metals Inc.; Terra Metals Limited; Lunda Resources Limited; Central African Renewable Energy Corporation Limited; Mumena Mushinge; Brian Chisala.
• Agreement actions:
• Discontinue all court proceedings, arbitration filings, and regulatory communications concerning the proposed transaction.
• Mutual release of any and all claims relating to the transaction.
• No further obligations or liabilities between the parties moving forward.
• The resolution was reached amicably and without admission of fault or wrongdoing by any party.
• Prior disclosures regarding the transaction should be read in light of this joint statement, which supersedes earlier unilateral communications.
• Contact for further information: Gregory J. Leia, President and CEO, Waskahigan Oil & Gas Corp. ([email protected]).

Notable Quotes

(No direct quotes were provided in the release.)