PLANTATION, FL--(Marketwired - Aug 3, 2017) - Atacama Resources International (
On August 1, 2017, Atacama Resources was made aware of stock promotion activities that are unrelated to any activities by the Company.
Atacama Resources had no knowledge of and no involvement in the development of the material published. The Company had no knowledge of these promotions even taking place until shared with the Company by OTC Markets Group on August 1, 2017. These unrelated promotions seem to have caused a significant adverse effect on the price of the shares. In three weeks of very high volume trading, the share price has declined by about 90%.
After thorough research of directors and major shareholders (shareholders holding 10% of the company or more) and known third party providers, no evidence surfaced that any of these identities have been directly or indirectly involved in any way (including payment of a third-party) with the creation or distribution of promotional materials related to the company and its securities.
None of the above parties have sold or purchased the company's securities within the last 90 days.
Atacama has not hired any investor relations services, public relations services, marketing or other related services such as company promotion and securities since January 1, 2016.
In addition, the Company has entered into the following convertible debt:
|Lender||Origination Date||Maturity Date||Principal Amount||Interest Rate||Stock Conversion Rate|
|Power Up Lending Group||5/02/2017||02/20/2018||$35,000||8%||45%|
|Auctus Funds, Inc.||2/14/2017||11/14/2017||$68,750||12%||45%|
|Crown Bridge Partners, LLC||4/24/2017||4/23/2018||$30,000||12%||45%|
Atacama has never given or granted permission to any of the promotions circulating and does not acknowledge or approve of any and all statements that have or may have been suggested.
About Atacama Resources International (www.acrlintl.com)
Atacama Resources International is a publicly traded OTCQB company with a technology company called Good2Drive, Inc. that has pioneered a smartphone application called Good2Drive and is developing follow on products that will be released later this year. In addition, the company has significant mining claims in the greater Kirkland Lake area of Northern Ontario. Metals and minerals under potential exploration include gold, silver, diamonds, graphite and cobalt. Major deposits of copper and iron ore are included in the mining claims.
Safe Harbor Statement
Certain information set forth in this news announcement may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Atacama Resources International. Such forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management beliefs and certain assumptions made by its management. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Information concerning factors that could cause the Company's actual results to differ materially from those contained in these forward-looking statements can be found in the Company's periodic reports on Form 10-K and Form 10-Q, and in its Current Reports on Form 8-K, filed with the Securities and Exchange Commission. Unless required by law, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise to reflect future events or circumstances or reflect the occurrence of unanticipated events.