Viking Investments Group, Inc. ("Viking") (OTCQB: VKIN) is pleased to announce it has executed a Letter of Intent with Tanager Energy Inc. ("Tanager") (TSX VENTURE: TAN) pursuant to which Viking has indicated its intention to subscribe for 3,125,000 shares of Tanager for an aggregate price of $250,000. Subscription proceeds will be used by Tanager for acquisition or farm-in of producing oil and gas properties and for general corporate purposes. The private placement which is non-brokered is scheduled to close on or before June 13, 2014 and is subject to the normal approvals by the TSX Venture Exchange.
Tanager is a Lethbridge, Alberta based corporation engaged in the exploration for oil and gas and minerals, and the company's common shares are listed on the TSX Venture Exchange under the trading symbol "TAN."
Viking provides professional advisory and consulting services to established companies in the United States and Canada with superior management and positive cash flow.
Viking is not an investment company, as defined by the Investment Company Act of 1940.
Safe Harbor Statement
This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's Forms 10-K and 10-Q filed with the SEC.
For additional information please contact:
Viking Investments Group, Inc.
1330 Avenue of the Americas, Suite 23A
New York, NY 10019
Website: www.vikinginvestments.com(will be updated accordingly)
SOURCE: Viking Investments Group, Inc.