Trio closes acquisition of Novacor heavy oil assets; $650K cash plus 526,536 shares

Trio Petroleum Corp

Completed second closing of TWP47 assets; total cash consideration US$650,000 plus 526,536 restricted shares.
Acquired seven producing wells in Lloydminster, Saskatchewan heavy oil region; Novacor remains operator.
Lift cost reported at CDN $10.00 per barrel; workover program planned to boost production.
Bylaws amended to reduce stockholder meeting quorum from majority to 1/3 of voting power.

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