Mr. Andrew Watts reports
ATIKWA RESOURCES INC. PROVIDES COURT PROCEEDINGS AND OPERATIONAL UPDATE
The courts have adjourned the receivership and adjournment applications decision to the week of Jan. 6, 2014, at a time to be determined. Atikwa Resources Inc. has received a term sheet to replace the current debt with Century Services and is also actively seeking others.
The company has renewed the partnership with their farmout partner Antler River Resources and both parties have mutually agreed to terminate the lawsuits between them. The company has also engaged both Antler and its sister company Melita Resources to take over the operations of the Manitoba assets. It is currently working on improving the production on several wells, which will assist with the company's cash flow to finance its operations.
The board and management are determined and unified in their efforts to attempt to position the company for future success. They believe in the upside of the Spearfish, Manitoba, assets and are working diligently to return the company to profitability and increased shareholder value. They would like to thank the shareholders for their recent support for the new board members.
We seek Safe Harbor.
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