Atikwa Resources Inc.

TSX VENTURE : ATK


Atikwa Resources Inc.

August 27, 2013 18:45 ET

Atikwa Management Confirms Intent to Step Aside on Successful Outcome of Shareholder Meeting

CALGARY, ALBERTA--(Marketwired - Aug. 27, 2013) - Atikwa Resources Inc. (TSX VENTURE:ATK) ("Atikwa" or the "Company") confirms to all shareholders that, with the successful election of management's proposed slate of directors at the Company's shareholder meeting on August 30th, Atikwa's current management team, including Sean Kehoe, President & CEO, will be stepping aside for the current management team of Hansar Energy Corp. (www.hansarenergy.net). The new management team will continue the focus on the development of the Company's assets, including the Spearfish play. The new management team has also made progress on a combination of debt and equity financing which would provide the funding for a 12 well drilling program in the new team's first year of managing Atikwa. Once the Hansar management team is in place, it will work with all of the current unsecured payables on a go forward strategy as the Hansar team wishes to continue working with the service providers Atikwa has worked with previously. Hansar is working with Atikwa's secured lender with a view to keeping its loan in place for a short period while the new debt and equity funding is completed.

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.

Contact Information

  • Atikwa Resources Inc.
    Sean Kehoe
    President and CEO
    403-233-6092