Atocha Announces Share Consolidation and Name Change
February 8, 2013 (Source: Newswire) — Atocha Resources Inc. announces that it has received the approval of the TSX Venture Exchange (the “TSXV”) for its share consolidation and name change, both as previously approved by the Company’s shareholders at the annual general meeting held on December 13, 2012 (the “AGM”). At the AGM the shareholders approved a consolidation ratio of one (1) post-consolidation Common Share for every twenty (20) pre-consolidation Common Shares. Prior to the consolidation there were 50,854,008 common shares (the “Common Shares”) issued and outstanding. Following the consolidation there will be 2,542,700 Common Shares issued and outstanding. Effective February 12, 2013, the Company’s name will change from “Atocha Resources Inc.” to “Durango Resources Inc.” Concurrently with the name change, the Company’s trading symbol will be changed from “ATT” to “DGO.” At the opening of trading on the TSXV on February 12, 2013, the consolidated Common Shares will commence trading under the Company’s new name and trading symbol.
Atocha is a natural resources company engaged in the acquisition and exploration of mining/exploration properties, mainly for gold and other precious metals. The Company has a 100% undivided interest in the McGillivray and KO Properties in British Columbia, the Strike 101-114 gold property near Dawson City, Yukon, the Sol Riche and Tresor Nord/Sud REE properties in Montviel Township in Quebec, the Trove and Descouverte gold properties in the Abitibi of Quebec, the Montpellier and St. Sixte graphite properties in the Grenville region of Quebec, and the Stubble gold property in Saskatchewan.
Forward-Looking Statements This document may contain or refer to forward-looking information based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties, as it relates to Atocha Resources Inc., please refer to the Company’s Prospectus filed with SEDAR. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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