PEORIA, AZ, Dec. 3, 2012 /CNW/ - Viking Minerals Inc. (VKML-OTCBB) announces on behalf of the Board of Directors that the Company is in the final stages of acquiring the assets of a Gold mine in the United States, subject to due diligence by the Company.
The Company has had a very positive initial response from the potential funding partners, subject to Company's funding requirements for the acquisition, operational expenditure and working Capital.
As announced earlier, the President & CEO Dr. Allan Rosenthal is a Ph.D. in Materials Science and Engineering, with expertise in both management and operations in the mining space. In addition, Dr. Rosenthal has a successful history of raising over $55 Million in Capital for emerging growth companies working with several New York City based Financing firms. His focus will remain on enabling the Company to acquire advanced mining operations and Oil & Gas assets.
The Company will be a appointing 2 new Directors in the near future.
The Company currently has mining concessions in North and South America, the Company will decide in the coming weeks, to proceed with the exploration program on its concession in South America.
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include among others, the inherent uncertainties associated with smaller reporting companies, including without limitation, other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
SOURCE: Viking Minerals Inc.
For further information:
Viking Minerals Inc.
Peoria, AZ. 85381
Charles Irizarry, President CEO