Targa Exploration Corp. (CSE: TEX) entered into an agreement to acquire The Leaf River Project from Wildwood Exploration Inc., Shawn Ryan, Isaac Fage, Callum Ryan, Simon Cash and Adam Fage for CAD 1.33 million on April 17, 2023. In consideration for the Purchased, Targa will pay the Purchase Price of (i) CAD 0.13 million will be paid as cash consideration to Wildwood, (ii) 1.5 million of common shares in the capital of Targa will be issued to Wildwood, Ryan, Fage, Callum, Cash and Adam and (iii) executing and delivering the Royalty Agreement and grant to Shawn Ryan a 1% net smelter return royalty on the Leaf River Project. The Transaction is subject to regulatory and judicial approval, and voluntary escrow arrangement. Transaction was financed by issuing CAD 1 million of equity.

Targa Exploration Corp. (CSE: TEX) completed the acquisition of The Leaf River Project from Wildwood Exploration Inc., Shawn Ryan, Isaac Fage, Callum Ryan, Simon Cash and Adam Fage on May 11, 2023.