CALGARY, AB, Dec. 12, 2022 /PRNewswire/ - Lycos Energy Inc. ("Lycos") is pleased to announce the completion of the previously announced business combination (the "Business Combination") among Samoth Oilfield Inc. (predecessor to Lycos) ("Samoth") (TSXV: SCD), Chronos Resources Ltd. ("Chronos") and 2470638 Alberta Ltd. pursuant to the policies of the TSX Venture Exchange (the "TSXV") to form Lycos, an oil-focused, exploration, development and production company. The common shares of Lycos are expected to trade on the TSXV under the new name "Lycos Energy Inc." and the new stock symbol "LCX" as a Tier 1 oil and gas issuer at market open on Thursday, December 15, 2022, and the common shares of Samoth will be concurrently delisted.
Read more at prnewswire.comCHRONOS RESOURCES LTD. AND SAMOTH OILFIELD INC. ANNOUNCE CLOSING OF TRANSFORMATIVE BUSINESS COMBINATION TO FORM LYCOS ENERGY INC.
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