An unknown buyer acquired Oil and Gas Assets of Cuda Oil and Gas Inc. (TSXV:CUDA) for CAD 7.5 million on July 24, 2019. As part of consideration, the purchasers will assume all environmental liabilities, including abandonment and reclamation obligations, associated with the Assets inQuebec, estimated by the parties at CAD 3.2 million, The purchasers will pay CAD 4.29 million to Cuda in cash consideration; and The purchasers will cause Cuda to be released and discharged, at closing, from a pending CAD 3.1 million claim associated with the exercise of dissent rights in connection with the plan of arrangement of the Company completed August 15, 2018. This Transaction is subject to normal closing conditions and regulatory approvals, including the approval by the TSX Venture Exchange. The Transaction is anticipated to close on or about August 30, 2019. KES 7 Capital Inc. acted as a financial advisor to Cuda Oil and Gas. An unknown buyer completed the acquisition of Oil and Gas Assets of Cuda Oil and Gas Inc. (TSXV:CUDA) on September 4, 2019. Cuda Oil and Gas has been released and discharged from a pending CAD 3.1 million claim associated with the exercise of dissent rights in connection with the plan of arrangement of the Company completed August 15, 2018. Bruce Lawrence, Xiaodi Jin, Lloyd McLellan, Pascal de Guise, Dan Grodinsky, Mike Grodinsky of Borden Ladner Gervais LLP acted as legal advisors for Cuda Oil and Gas.