RE: RE: More importantly ?: dilutionFrom the November 20th news release.
Atikwa Resources Inc. has arranged a non-brokered private placement of up to 6,666,667 units of the company at a price of 7.5 cents per unit for total gross proceeds to the company of up to $500,000. Each unit will consist of one flow-through common share of the company and one non-flow-through common share purchase warrant. Each warrant will entitle the holder to acquire one common share at an exercise price of 10 cents for a period of 12 months from closing.
The above is all that has been publicly disclosed at this point for recent financings. There is speculation on this board about a larger financing in the wings thus why there is presently an endless supply of stock at .095 to .105.