Sam Holdings Ltd acquired 44% stake in Whitemud Resources Inc. (TSXV:WMK) from Petrogas Energy Corp. on December 14, 2020. Stan Owerko, owner of Sam Holdings Ltd, already holds 100,000 common shares and as a result of this transaction SAM and Stan Owerko have ownership and control over an aggregate of 15,076,000 common shares of Whitemud, representing approximately 44.3% of Whitemud’s outstanding voting shares. SAM acquired 14,976,000 common shares and 309,245,703 Class “B” Non-Voting Common shares in the capital of Whitemud. The aggregate consideration paid for the Shares was comprised of a cash payment of CAD 149,760 and the release of CAD 1 million letter of credit in favour of the Government of Saskatchewan, as represented by the Minister of Environment. The common shares were acquired by SAM as a condition of the sale of its shares of Petrogas to AltaGas Ltd. Sam Holdings Ltd completed the acquisition of 44% stake in Whitemud Resources Inc. (TSXV:WMK) from Petrogas Energy Corp. on December 14, 2020.