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Provider: Reuters Investment Profile
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Atikwa Resources Inc Announces Proposed Business Combination With Hansar Energy Corp

Friday, 19 Jul 2013 07:28pm EDT 

Atikwa Resources Inc announced that it has entered into a letter of intent with Hansar Energy Corp. (Hansar) for an amalgamation and reorganization (the Reorganization). Pursuant to the terms of the proposed Reorganization, Atikwa will indirectly acquire all of the issued and outstanding common shares of Hansar under an amalgamation agreement entered into by Atikwa, a wholly-owned subsidiary of Atikwa and Hansar. As part of the proposed Reorganization, the Board of Directors of Atikwa will be reconstituted with nominees proposed by Hansar, who will then reconstitute the management team of Atikwa. The Reorganization is contingent on a number of conditions including the approval of the TSX Venture Exchange and Atikwa shareholders. Approval of the Reorganization is expected to be placed before shareholders at the Company's annual general and special meeting which has been scheduled for August 30, 2013. 

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24 Jan 2014