TORONTO, June 1, 2015 /CNW/ - Viking Gold Exploration Inc.
(TSXV:VGC) ("Viking" or the "Company") announced today that that
further to its news release on April 27,
2015 (the "Default Announcement"), the Ontario Securities
Commission issued a temporary management cease trade order on
May 12, 2015 and a permanent
management cease trade order on May 25,
2015 (the "MCTO") for failure to file its audited
financial statements, CEO and CFO certifications, and management
discussion & analysis (the "Annual Filings") for the year ended
December 31, 2014 by April 30, 2015. The MCTO prohibits all trading by
certain insiders of Viking in securities of the Company until the
order is revoked. The Company is required to provide bi-weekly
status updates in accordance with National Policy 12-203 - Cease
Trade Orders for Continuous Disclosure Defaults until the MCTO has
been revoked of a full cease trade order issued.
The Company continues its efforts to raise the monies required
to complete its audit of the year end financial statements. The
Company is also working on a transaction that should generate
sufficient cash flow for Viking.
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 release.
SOURCE Viking Gold Exploration Inc.