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New Listing Bulletin

For Immediate Release

98/32


CONTACT:

NOVEMBER 12, 1998

WADE J. MURRAY
information@vse.ca
(604) 643-6592
Atikokan Resources Inc. Lists on the VSE

 

Effective at the opening on November 12, 1998, Atikokan Resources Inc. commenced trading on the Vancouver Stock Exchange. The company is classified as a "Venture" company and trades under the symbol "AKN".

Incorporated in Ontario, Atikokan Resources Inc. is a mineral resource company engaged in the acquisition and exploration of natural resource properties. The company's principal property is the Herontrack Lake Property in the Atikokan area of Ontario.

Atikokan Resources Inc. completed its initial distribution of shares to the public for total gross proceeds of $312,000 (624,000 shares at $0.50 per share). The company’s capitalization is unlimited with no par value of which 5,472,812 common shares are issued and outstanding (with 750,000 shares held in escrow). Pacific Corporate Trust Company is the transfer agent for the company and Brink Hudson Lefever Ltd. is the sponsoring Member.

The company has issued to its agent, Brink, Hudson & Lefever, 45,000 non-transferable share purchase warrants. Each warrant enables the agent to purchase one share at 0.50 per share up to one year from the date of listing on the Exchange.

For further information, please refer to the Company’s Prospectus dated June 30, 1998 and amended October 9, 1998.

ATIKOKAN RESOURCES INC.
Raymond A. Bernatchez
Suite 200 – 1290 Central Parkway West
Mississauga, Ontario L5C 4R3
Telephone: (905) 897-7689

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