November 15, 2012 - Vancouver, British Columbia, CANADA - Atocha Resources (the Company), TSX.V - ATT announces that the Company will hold its annual general meeting of the shareholders (the "Meeting") on Thursday, December 13, 2012. In addition to the annual meeting materials to be acted upon, the Company will seek shareholder approval for the consolidation of the Company's common shares ("Common Shares") at the board of director's discretion, on the basis of up to one (1) post-consolidation Common Share for every ten (10) pre-consolidation Common Shares or at such lower consolidation ratio as may be required by the TSX Venture Exchange. The Company may consider a name change in conjunction with the proposed consolidation if the shareholders approve and the board of directors deems it appropriate.
It is management's opinion that a share consolidation could benefit the Company by generating investor interest while improving the Company's ability to raise capital in today's challenging public market.
As of today's date, there are 50,854,008 Common Shares issued and outstanding. On completion of a Share Consolidation, at the highest consolidation ratio, there would be an aggregate of approximately 5,084,500 Common 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@example.com to add your contact details.
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
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."