CALGARY, Nov. 14, 2017 /CNW/ – Ikkuma Resources Corp. (TSXV: IKM) (“Ikkuma“) is pleased to announce that its previously announced acquisition of certain assets located in the Alberta Foothills as well as in the British Columbia Deep Basin (the “Foothills Acquisition“) for cash consideration of $34,000,000, subject to customary adjustments, has closed in escrow. The Foothills Acquisition has an effective date of July 1, 2017. Final closing is anticipated to be completed on or about 30 days from the date hereof, subject to receipt of standard regulatory approvals by governmental entities.
About Ikkuma Resources Corp.
Ikkuma Resources Corp. is a diversified junior public oil and gas company listed on the TSX Venture Exchange under the symbol “IKM”, with holdings in both conventional and unconventional projects in Western Canada. The technical team has worked together for over a decade in the Foothills Region of Western Canada, through two successful, publicly traded companies. The unique skills and repeat success at exploiting a complex, potentially prolific play type are fundamental ingredients for a successful growth-oriented company in Western Canada. Corporate information can be found at: www.ikkumarescorp.com.