CALGARY, Dec. 21, 2017 /CNW/ – Ikkuma Resources Corp. (TSXV: IKM) (“Ikkuma“) is pleased to announce the final closing of 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 $29.7 million, subject to customary adjustments. The Foothills Acquisition has an effective date of July 1, 2017.
Throughout the next several months, Ikkuma will focus on asset operations, improving operational efficiencies and plans to provide corporate guidance in Q1 2018.
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.