Waskahigan Oil & Gas Corp. (CSE: WOGC) has released a corporate update confirming amendments to its proposed business combination with Private.Ki Ltd., originally announced on September 15, 2026. The amended letter of intent extends the deadline for a definitive agreement to November 30, 2026, and pushes the targeted closing date to January 31, 2027. The company also revised the purchase price structure and granted nearly two million stock options to directors and officers, developments that investors in this Calgary-based acquisition-focused company may be watching closely.

Key Points

  • Waskahigan Oil & Gas Corp. (CSE: WOGC) issued a corporate update on November 4, 2026
  • The amended agreement revises the purchase price for Private.Ki to $2,500,000, payable as $500,000 cash plus 5,000,000 post-consolidation shares at $0.40 per share
  • Definitive agreement deadline extended to November 30, 2026; targeted closing extended to January 31, 2027; no post-closing milestone payments
  • Investors should watch for CSE approval, shareholder approval if required, and execution of the definitive agreement

Revised Purchase Price and Extended Deadlines for the Private.Ki Transaction

Under the amending agreement, the total purchase price for all issued and outstanding securities of Private.Ki Ltd. has been set at $2,500,000. This consideration is structured as $500,000 payable in cash on closing, with the balance satisfied through the issuance of 5,000,000 post-consolidation common shares at a deemed price of $0.40 per share. The company confirmed there are no post-closing milestone payments under the revised terms. The deadline for executing a definitive agreement has been extended to November 30, 2026, and the targeted closing date has been moved to January 31, 2027, as both parties continue due diligence.

Conditions Remaining Before the Transaction Can Close

The proposed transaction remains subject to several conditions that must be satisfied before closing can occur. These include completion of due diligence, execution of a definitive agreement, approval from the Canadian Securities Exchange, and shareholder approval from Waskahigan if required. The release states explicitly that no assurance can be given that the transaction will be completed. The company noted that additional amendments, including further extensions, could be made by mutual written agreement of both parties. All other terms of the originally announced proposed transaction remain unchanged from prior disclosure.

Stock Option Grant to Directors and Officers of WOGC

Alongside the transaction update, Waskahigan announced the grant of an aggregate of 1,997,228 stock options to certain directors and officers. Each option is exercisable into one common share at a price of $0.10 per share and carries a three-year term from the date of grant. The options vest immediately upon grant, subject to the terms of the company's Share Compensation Plan and CSE policies. The company did not disclose the specific identities of the recipients or further breakdown of the allocation between directors and officers in the announcement.