Provider: Thomson Reuters Stock Report
Atikwa Resources Inc: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Atikwa Resources Inc Announces Strategic Alternatives Initiative
Atikwa Resources Inc announced that it has retained CB Securities Inc. to assist the Company in identifying and evaluating all strategic alternatives available to the Company to enhancing shareholder value. The Company believes that the current trading price of its shares does not reflect the underlying value of the Company's assets. This review of strategic alternatives will include the consideration of a number of transactions, such as the sale of some or all of the Company's assets, a merger, recapitalization, or corporate sale of the entire Company. The expected time frame to complete the evaluation process is approximately four to five weeks. CB Securities Inc. has experience in divestitures, mergers and acquisitions in the Canadian oil and gas industry. The Company has already entered into confidentiality agreements with a number of interested third parties. Parallel to this strategy Atikwa intends to continue to execute on its current development program, which includes the drilling of at least two additional wells on its properties in Manitoba and potentially one in Saskatchewan before the end of the year. Atikwa is a junior oil company based in Calgary, Alberta with properties located in Alberta, Saskatchewan and Manitoba.
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