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Atikwa Resources Inc. V.ATK

An oil and natural gas company


TSXV:ATK - Post by User

Comment by Bob_Tenon Aug 01, 2011 11:24am
329 Views
Post# 18892569

RE: CravenRaven you need to learn DD

RE: CravenRaven you need to learn DDI should add one more important thing.

(Marketwire - Jan. 20, 2011) - Atikwa Resources Inc. (

FINANCING. The Company has recently secured access to anon dilutive third party financing program (the "Funding Source") whichcould provide a significant portion of the capital required to fund theCompany's go forward drilling program. Under this program, the FundingSource may elect to provide up to 70% of the capital required, on a wellby well basis, in exchange for a predetermined share of the revenuestream from the well. That share of the revenue stream is thenstructured to decrease on a sliding scale basis after certain economicobjectives have been met with a Company buy back provision contemplatedat the end of the program. The Funding Source provides the company withaccess to capital without reducing its ownership interest in the landsor causing further dilution to existing shareholders through the need toissue additional shares from treasury to fund the drilling program.
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