New Issue: Atikwa Resources raises C$4.24 million via private placement of units

By Devika Patel

Knoxville, Tenn., Jan. 5 - Atikwa Resources Inc. said it took in C$4.24 million in a private placement of units. The deal priced for C$5 million with a C$1 million greenshoe on Dec. 7.

The company sold 49,921,174 units of a flow-through common share and a warrant at C$0.075 per unit. Each warrant will be exercisable at C$0.10 for one year.

The oil company is based in Calgary, Alta.

Issuer:	Atikwa Resources Inc.
Issue:	Units of a flow-through common share and a warrant
Amount:	C$4.24 million
Units:	49,921,174
Price:	C$0.075
Warrants:	One warrant per unit
Warrant expiration:	One year
Warrant strike price:	C$0.10
Pricing date:	Dec. 7
Pricing date:	Jan. 5
Stock symbol:	TSX Venture: ATK
Stock price:	C$0.09 at close Dec. 7
Market capitalization:	C$6.15 million

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