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Mar 31, 2009 01:58PM
March 31, 2009
Atikwa Minerals Corporation Announces Financing
CALGARY, ALBERTA--(Marketwire - March 31, 2009) - Atikwa Minerals Corporation (TSX VENTURE:ATK) ("Atikwa" or the "Company") has approved, subject to Exchange approval, a non-brokered equity financing for up to $500,000 in gross proceeds (the "Offering") through the issuance of up to 6,000,000 equity units of the Corporation, at a price of $0.05 per equity unit (the Units") and up to 4,000,000 additional Units by way of an overallotment option exercisable by the Corporation at any time prior to closing of the Offering.
Each Unit is comprised of one common share (the "Common Share") and one common share purchase warrant (the "Warrant"). Each Warrant will entitle the holder to purchase one Common Share at a price of $0.10 for a period of one year after closing of the Offering. Subject to regulatory approval, the Corporation plans to retain one or more agents in connection with the Offering and to pay to such agents a sales commission or finder's fee of up to 10% of the gross proceeds raised under the Offering. Closing is expected to occur on or about April 30, 2009. The proceeds will be used to continue the implementation of the company's business plan of consolidating junior resource operation and general corporate purposes.