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Announces Final Closing of Financing
May 14, 2009 12:41PM
May 14, 2009
Atikwa Minerals Corporation Announces Final Closing of Financing
CALGARY, ALBERTA--(Marketwire - May 14, 2009) - Atikwa Minerals Corporation (TSX VENTURE:ATK) ("Atikwa" or the "Company") is pleased to announce that the final closing of its previously announced non-brokered equity financing was completed on May 13, 2009. The aggregate gross proceeds raised in the initial and final closings were $950,000. A total of 19,000,000 units of the Company were sold in the two closings (10,750,000 units in the initial closing on April 30, 2009 and 8,250,000 units in the final closing) at a price of $0.05 per unit, each unit consisting of one common share and one common share purchase warrant, with each warrant entitling the holder to purchase one additional common share at $0.10 for one year after closing. In connection with the financing, the Company agreed to pay sales commissions or finder's fees equal to 10%, in aggregate, of the gross proceeds.