Atikwa Resources Inc (TSX-V:ATK)
Shares Issued 286,784,582
Last Close 1/24/2013 $0.01
Friday January 25 2013 - News Release
Mr. Sean Kehoe reports
ATIKWA ANNOUNCES UPDATE TO STRATEGIC ALTERNATIVES INITIATIVE
As previously announced in September, 2012, the board of directors of Atikwa Resources Inc. retained CB Securities to assist the company in identifying and evaluating a number of strategic alternatives available to the company to enhance shareholder value.
As previously reported in December, 2012, the company has received a number of proposals and non-binding indications of interest, from which they have selected the most attractive options to pursue. In light of recent trading activity, the company would like to confirm that it is not aware of any particular variable that might have changed in relation to that process. The company continues to actively negotiate with a number of parties that have proposed a variety of potential transactions ranging from the acquisition of a single asset, an outright bid for the full corporate entity, a merger with another entity or a significant recapitalization of the existing company.
The company has not entered into a definitive agreement in connection with any of these proposals; however, it continues to actively negotiate with a view to being able to complete a transaction with one of these entities shortly. The company remains committed to executing its current strategy and is confident that it is taking the right steps to further strengthen the company's balance sheet, and participate in the present and potential future value of its portfolio of assets.
We seek Safe Harbor.