Viking Investments Group, Inc. Closes Subscription Transaction With Tanager Energy Inc.
20 10월 2014 - 11:57PM
eTeligis
NEW YORK, NY(Eteligis Inc.)
NEW YORK, NY, United States, via ETELIGIS INC., 10/20/2014 - -
Viking Investments Group, Inc. ("Viking") (OTCQB:
VKIN) is pleased to advise it closed the subscription transaction
with Tanager Energy Inc. (TSX VENTURE: TAN)
("Tanager") announced by Viking on October 7th,
2014.
On October 16, 2014 Viking received an additional USD$155,504.51
(the "PP Proceeds") in connection with the private
placement announced by Viking on May 12, 2014 (the "Viking
PP"), and issued 518,348 units of Viking to a
non-affiliated entity.
Viking used the entire PP Proceeds (approx. CDN$175,000) to
subscribe for 2,171,907 units of Tanager. Each unit consists of one
(1) common share and one (1) common share purchase warrant. Each
warrant entitles Viking to purchase one additional common share in
the capital of Tanager for a period expiring on October 5, 2016, at
an exercise price of $0.15 per common share. The shares issued to
Viking are subject to a four month hold period that expires on
February 5, 2015. Viking now holds a total of 3,437,500 units of
Tanager, the aggregate subscription price for which was approx.
CDN$275,000.
Part of the proceeds advanced by Viking to Tanager were used by
Tanager to secure the rights to an oil and gas property in Alberta,
Canada, consisting of 4 suspended oil wells and 1 water injection
well. Upon receipt of sufficient additional funds, Viking intends
to provide additional capital to Tanager in exchange for a 50%
working interest in the property (the "WI
Purchase"). Tanager will operate and manage the subject
property in accordance with an Operating Agreement pursuant to the
Canadian Association of Petroleum Landman Operating Procedure. It
is expected that the WI Purchase will be completed by October 30,
2014. Once completed Tanager will proceed immediately to
re-complete the first well on this property, which is expected to
initially produce approximately 100 barrels of oil per day.
Tanager Energy Inc. is a Lethbridge, Alberta based corporation
engaged in the exploration for oil and gas and minerals, with an
operations office in Calgary, Alberta. The Corporation's common
shares are listed on the TSX Venture Exchange under the trading
symbol "TAN".
Viking provides professional advisory and consulting services to
companies undergoing or anticipating periods of rapid growth,
significant change or ownership transition.Target companies must
have superior management, intimate knowledge of the particular
industry and a sound business plan, along with a desire and
receptiveness for specific expertise to advance the company's
business objectives.
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.
CONTACT:
For additional information please contact:
Viking Investments Group, Inc.
1330 Avenue of the Americas, Suite 23A
New York, NY 10019
Email: IR@vikinginvestments.com
Website: www.vikinginvestments.com (will be updated
accordingly)
SOURCE: Viking Investments Group, Inc.
Associated Documentation:
http://www.eteligis.com/ViewSubmission.aspx?submissionRequest=28198
- Link to submission on http://www.eteligis.com
Tanager Energy Inc. (TSXV:TAN)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Tanager Energy Inc. (TSXV:TAN)
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부터 6월(6) 2023 으로 6월(6) 2024