Atikwa Announces Update to Strategic Alternatives Initiative

CALGARY, ALBERTA--(Marketwire - Dec. 7, 2012) - Atikwa Resources Inc. (TSX VENTURE:ATK) ("Atikwa" or the "Company") As previously announced in September 2012, the board of directors of Atikwa Resources retained CB Securities to assist the Company in identifying and evaluating a number of strategic alternatives available to the Company to enhance shareholder value. Management believes that the current trading price of the Company's shares does not accurately reflect the underlying value of the Company's assets. Since the process began, Atikwa executed a comprehensive review process designed to look at all options to maximize value for shareholders. The Company, with the assistance of its outside financial advisor, undertook a comprehensive review, which considered a wide range of alternatives, including a potential sale of the Company. The Company's advisor contacted more than 300 potentially interested strategic industry and financial partners, including those which had expressed interest directly to the Company. The Company received a number of proposals and non-binding indications of interest, from which they have selected the most attractive options to pursue.


Today was a Fine Time to Buy. 


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