An unknown buyer agreed to acquire Cuda Energy Inc. from Cuda Oil and Gas Inc. (TSXV:CUDA) for CAD 2.7 million on September 16, 2021. The Purchaser has agreed to pay total cash consideration of CAD 2.67 million, subject to certain adjustments, and has provided a deposit of CAD 135,000.?The completion of the transaction is subject to the Purchaser being satisfied with its due diligence review and other customary closing conditions. There is no certainty that all of the closing conditions will be satisfied. The targeted closing date for completion of the sale is September 30, 2021. ARCO Capital Partners Inc. acted as financial advisor to Cuda Oil and Gas. An unknown buyer cancelled the acquisition of Cuda Energy Inc. from Cuda Oil and Gas Inc. (TSXV:CUDA) on September 30, 2021. The transaction has been cancelled as a mutual condition precedent was unable to be satisfied before closing.