Parkland Corporation has entered into a share exchange agreement with Simpson Oil Limited to exchange Simpson Oil’s remaining 25 percent of Sol Investments SEZC for 20 million common shares.

Simpson Oil has been a Parkland shareholder since 2017 and has grown its shareholding to beneficially own, directly or indirectly, or exercise control or direction over, approximately 14.4 million Parkland Shares, representing 9.24 percent of the issued and outstanding Parkland Shares on a non-diluted basis.