/NOT FOR DISSEMINATION IN THE
UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE
SERVICES/
TORONTO,
June 21, 2013 /CNW/ - Viking Gold
Exploration Inc. (TSX-V: VGC), the "Company" or "Viking Gold",
announces that it has agreed to settle an aggregate amount of
$99,693 of debt owed to three
suppliers, through the issuance of 1,993,860 units at an assigned
value of $0.05 per unit. Each
unit will consist of one common share plus one-half of one common
share purchase warrant. Each full warrant will entitle the holder
to acquire one common share of the Company at a price of
$0.10 for a period of 24 months from
the date of closing.
The closing of the debt settlement agreements is
subject to the approval of the TSX Venture Exchange. The
common shares to be issued are subject to a four-month hold
period. Once the 1,993,860 common shares are issued, the
Company will have a total of 79,778,229 common shares issued and
outstanding.
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.