Atocha Announces AGM Results
December 15, 2012 ‐ Vancouver, British Columbia, CANADA – Atocha Resources (the "Company"), TSX.V – ATT announces that the Company held its annual general meeting of the shareholders (the "Meeting") on Thursday, December 13, 2012.
Fifty two (52) shareholders were present in person or by proxy representing 30.15% of the issued and outstanding shares (the "Shares") of the Company.
The Company would like to thank all shareholders for their continued support and is pleased to announce the re‐election of Peter Dimmell, James Payne and Marcy Kiesman as directors of Atocha Resources Inc. Simon Biancardi chose not to stand for re‐election and resigned as a director effective December 13th, 2012. The Company would like to thank Mr. Biancardi for his efforts over his term and wishes him success in the future. The Company also reappointed MacKay LLP, Chartered Accountants as the auditor of the Company for the ensuing year.
The Company further sought shareholder approval at the Meeting for a potential share consolidation on the basis of up to one (1) post‐consolidation Share for every ten (10) pre‐consolidation Shares or such lesser ratio as the Board of Directors may determine in its discretion. At the Meeting, the resolution was modified to include a consolidation ratio of up to one (1) post‐consolidation Share for every twenty (20) pre‐consolidation Shares and was approved by the shareholders as a special resolution.
The shareholders also passed a special resolution authorizing the directors to effect a name change in conjunction with the proposed share consolidation if the Board of Directors deems it appropriate.
As of today's date, there are 50,854,008 Shares issued and outstanding. On completion of a share consolidation, at the highest consolidation ratio, there would be an aggregate of approximately 2,542,700 Shares issued and outstanding.
Shareholders and Investors are encouraged to sign up to the Company mail list in order to receive timely updates. Please visit www.atocharesources.com or email [email protected] to add your contact details.
ABOUT ATOCHA
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.
For further information on Atocha, please refer to www.sedar.com.
For further information, please contact:
Marcy Kiesman, Chief Executive Officer Telephone: 604.696.1111 Facsimile: 888.266.3983 E‐mail: [email protected] Website: www.atocharesources.com
Forward‐Looking Statement
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 policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."