TORONTO, April 27, 2015 /CNW/ - Viking Gold Exploration
Inc. (TSXV:VGC) ("Viking" or the "Company") announced today that
its audited financial statements, CEO and CFO certifications, and
management discussion & analysis (the "Annual Filings") for the
year ended December 31, 2014 will not
be released as scheduled on April 30,
2015. It is now anticipated that the release will occur no
later than May 31, 2015.
The Company has been late in the preparation of the Annual
Filings for financial reasons. The Company is in the process of
completing a financing, and will have sufficient financial
resources to complete the audit. The Company anticipates being able
to file the Annual Filings on or before May
31, 2015.
As a result of the delay, the Company has voluntarily requested
that the Securities Commissions in Ontario, British
Columbia, Alberta and
Newfoundland to issue a temporary
order that prohibits certain current directors, officers and
insiders of Viking from trading in securities of Viking for so long
as the Annual Filings are not filed. The issuance of such
management cease trade order generally does not affect the ability
of persons who have not been directors, officers or insiders of the
issuer to trade in their securities. Viking intends to provide
updates in accordance with National Policy 12-203 - Cease Trade
Orders for Continuous Disclosure Defaults with respect to further
developments in respect of this matter promptly following their
occurrence, including the issuance of bi-weekly status update
reports until such time as Annual Filings are completed.
The Company advises that Mr. Lon
Vining has resigned as CFO and Mr. Mark Edwards CPA,CA will
take over as acting CFO immediately.
Forward-Looking Statements
Forward-Looking Statements:
The above contains forward-looking statements that are subject to a
number of known and unknown risks, uncertainties and other factors
that may cause actual results to differ materially from those
anticipated in our forward-looking statements. Factors that could
cause such differences include: changes in world commodity markets,
equity markets, costs and supply of materials relevant to the
mining industry, change in government and changes to regulations
affecting the mining industry. Forward-looking statements in this
release include statements regarding future exploration programs,
operation plans, geological interpretations, mineral tenure issues
and mineral recovery processes. Although we believe the
expectations reflected in our forward-looking statements are
reasonable, results may vary, and we cannot guarantee future
results, levels of activity, performance or achievements.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this press release.
SOURCE Viking Gold Exploration Inc.