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Atikwa Resources Inc Announces Definitive Agreement For Hansar Energy Corp Acquisition


Tuesday, 3 Sep 2013 12:28pm EDT 

Atikwa Resources Inc announced that it has completed its ongoing negotiations with Hansar Energy Corp. regarding the terms of the Company's acquisition of all of the issued and outstanding equity interests of Hansar. On August 29th, the Company and its wholly-owned subsidiary entered into a definitive amalgamation agreement with Hansar, which will effectively combine the assets and operations of Atikwa and Hansar. Provided all conditions are satisfied, the former securityholders of Hansar will receive common shares and/or warrants of Atikwa (approximately 67.27 million Atikwa common shares and approximately 3.02 million Atikwa common share purchase warrants, in aggregate) in exchange for their Hansar securities, based upon a deemed value of $0.05 per Atikwa common share. 

Company Quote

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24 Jan 2014