Calgary, AB, April 30, 2021 /CNW/ – Waterous Energy Fund (“WEF“) and Osum Oil Sands Corp. (“Osum“) are pleased to announce that a special meeting of shareholders (the “Meeting“) of Osum was held earlier today to approve the amalgamation (the “Amalgamation“) of Osum and WEF Osum Acquisition Corp. (“WOAC“), an entity wholly-owned by WEF. Osum shareholders overwhelmingly voted to approve the Amalgamation, with 97.7% of votes cast by Osum shareholders represented at the Meeting (holding 89.8% of all issued and outstanding Osum Shares) voting in favour of the Amalgamation. The Amalgamation received “minority approval” in accordance with Multilateral Instrument 61-101. The Amalgamation was completed following the Meeting. The amalgamated entity is now wholly-owned by WEF and will continue on business under the name “Osum Oil Sands Corp.”.