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ATK

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0.00 (0.00%)
Share Name Share Symbol Market Type
TSXV:ATK TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Atikwa Resources Inc. Provides Court Proceedings and Operational Update

22/12/2013 8:55pm

Marketwired Canada


Atikwa Resources Inc. (the "Company") (TSX VENTURE:ATK) announces that the
courts have adjourned the Receivership and Adjournment Applications decision to
the week of January 6th, 2014 at a time to be determined. The Company has
received a term sheet to replace the current debt with Century Services and is
also actively seeking others. 


The Company has renewed the partnership with their farmout partner Antler River
Resources (Antler) and both parties have mutually agreed to terminate the
lawsuits between them. The Company has also engaged both Antler and their sister
company Melita Resources to take over the operations of the Manitoba assets.
They are currently working on improving the production on several wells, which
will assist with the Company's cash flow to fund the company's ongoing
operations. 


The Board and management are determined and unified in their efforts to attempt
to position the Company for future success. They believe in the upside of the
Spearfish, MB assets and are working diligently to return the Company to
profitability and increased shareholder value. They would like to thank the
shareholders for their recent support for the new Board members.


We Seek Safe Harbour.

The reader is advised that some of the information herein may constitute
forward-looking statements within the meaning assigned by National Instruments
51-102 and other relevant securities legislation.


Forward-looking information is not a guarantee of future performance and
involves a number of risks and uncertainties. Many factors could cause the
Company's actual results, performance or achievements, or future events or
developments, to differ materially from those expressed or implied by the
forward-looking information. Readers are cautioned not to place undue reliance
on forward-looking information, which speaks only as of the date hereof. The
Company does not undertake any obligation to release publicly any revisions to
forward-looking information contained herein to reflect events or circumstances
that occur after the date hereof or to reflect the occurrence of unanticipated
events, except as may be required under applicable securities laws.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Atikwa Resources Inc.
Andrew Watts
President & CEO
403-263-1845

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