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Blue Sky Global Energy Closes Acquisition of Remaining Interest in Oil and Gas Assets
Calgary, Alberta — September 11, 2025 — Leads & Copy — Blue Sky Global Energy Corp. (TSXV: BGE) has completed the purchase of the remaining 50% interest in oil and gas assets in British Columbia and Alberta from Blue Sky Resources Ltd. for $13 million. The acquisition was previously announced in press releases issued on June 18, 2025, May 13, 2025, July 2, 2025, and August 21, 2025.
The purchase price is paid via a promissory note with a two-year repayment date and 10% annual interest, with quarterly payments starting December 31, 2025. Principal payments will be the greater of $250,000 and 50% of net revenue from the assets. The company has the option to increase principal payments or pay out the note early.
The acquired assets include the remaining 50% working interest in oil and gas assets in Northeastern British Columbia and heavy oil and gas assets in the Cold Lake area, totaling approximately 384 hectares.
Trading of Blue Sky Global Energy Corp. shares has been halted since the acquisition announcement and is expected to resume around September 15, 2025. No finder’s fees were paid.
Additionally, Ilyas Chaudhary will not be appointed as a director due to other commitments.
Mohammad Fazil, President, Chief Executive Officer, Corporate Secretary and Director Email: mofazil@gmail.com Phone Number: +1 (403) 613-7310
Source: Blue Sky Global Energy Corp.