Waskahigan Oil & Gas Corp Finalizes Key Corporate Moves

On June 27, 2025, Waskahigan Oil & Gas Corp (WOGC) implemented a 4-for-1 consolidation of its common shares. Following this, 3,423,026 common shares remain in circulation. The company also issued dividends consisting of 123,809 post-consolidated shares to selected stakeholders.

On June 30, 2025, WOGC, in conjunction with Fox Creek Energy Ltd. (FCE) and Odaat Oil Corp, formalized a Plan of Arrangement initially set on January 1, 2023. This arrangement, validated by Alberta's judicial system, enabled WOGC to distribute dividends of 3,423,026 FCE shares on a 1:1 ratio to its shareholders, thereby ceasing FCE's status as a WOGC subsidiary.

FCE now holds the status of a reporting entity in Alberta and British Columbia. However, FCE's shares are not listed on any stock exchange.