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Atikwa Resources Inc. Announces Private Placement |
October 07, 2010
CALGARY, ALBERTA--(Marketwire - Oct. 6, 2010) - Atikwa Resources Inc. ("Atikwa" or the "Company") (TSX VENTURE:ATK) has entered into a non-brokered private placement of up to 13,333,333 units (each a "Unit"), on a bought deal basis, of the Company at a price of $0.075 per Unit for aggregate gross proceeds to the Company of up to $1,000,000.00. The proceeds of the offering are intended to be used to fund the drilling of new locations on the Company's light oil Spearfish play in Manitoba. The offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and the securities regulatory authorities. Each Unit will consist of one flow-through common share of the Company and one non-flow-through common share purchase warrant (the "Warrants"). Each Warrant will entitle the holder to acquire one common share at an exercise price o
http://www.marketwire.com/mw/release.do?id=1331163&sourceType=3
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