Viking Gold completes non-brokered private placement


    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:

Organization Profile

Viking Gold Exploration Inc.

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890