/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.
TORONTO, Sept. 12 /CNW/ - Viking Gold Exploration Inc. (the "Company")
announced today that it has completed a non-brokered private placement of
1,218,000 units for gross proceeds of $140,070. The units were sold at a price
of $0.115 per unit with each unit being comprised of one common share and one
common share purchase warrant. Each warrant will entitle the holder to
purchase one common share at a price of $0.25 per share for a period of 24
months following the closing of the offering. The common shares and warrants
comprising the units are subject to a statutory hold period expiring January
10, 2009. The proceeds of the offering will be used for general working
capital purposes. A majority of the directors and officers of the Company
participated in the offering.
Also, the Company has granted to Mr. David Brace, a recent addition to
the Board of Directors of the Company, 100,000 options to acquire common
shares of the Company at a price of $0.115 per share for a period of five
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.
For further information:
For further information: Robert Ginn, CEO at (416) 364-6244 ext. 227 or
visit our website at: www.vikinggold.ca