PEORIA, AZ, Jan. 23, 2013 /CNW/ - Viking Minerals Inc. (VKML-OTCBB) announces on behalf of the Board of Directors that the Company is in the process of engaging Capital Investment firms to fund the acquisition and additional Capital expenditures.
Under the terms of the agreement with the owners of Discovery Day Gold Mine -Trinity Alps Resources Inc, the Company has to pay $ 15,000,000 for the acquisition, payment of $6,100,000 is due by March 31, 2013, and the balance is to be paid on a monthly payment of $494,444 each month over 18 months, and it is subject to due diligence and visitation to the Mine site.
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.
Viking Minerals Inc.
Peoria, AZ. 85381
SOURCE: Viking Minerals Inc.
For further information:
Charles Irizarry, Chief Financial Officer.