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ATK

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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. Clarifies Previous Update, Possible Receiver and Resumption to Trade

18/12/2013 3:03pm

Marketwired Canada


Atikwa Resources Inc. ("Atikwa" or the "Company") (TSX VENTURE:ATK) is providing
a further update to the company's news release as of Dec 17, 2013 we wish to
provide additional information on the loan with Century Services. This was a
loan that was put in place on February 28, 2012 by the previous Board for $3
million dollars. The secured lender, who has security over all of Atikwa's
assets, has set a court date for Thursday, December 19, 2013 at noon to make an
application to appoint a Receiver. Previous discussions with Century were to
work with the new board, but due to unforeseen circumstances, they have chosen
to demand the loan. The Company has kept current with the interest payments and
has paid back $600,000 in principal payments over the past year. We are actively
seeking and working on solutions to replace the Century's current note of $2.4
million prior to Thursday's deadline and are having ongoing discussions with
several groups to complete this, and we are open to discussions with other
interested parties.


If a Receiver is appointed on Thursday, the shares in the trading of the company
will be suspended by the Exchange.


The Company's affairs have now been clarified and trading will resume at the
open of trading today, Wednesday December 18, 2013.


We Seek Safe Harbour.

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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