Viking Gold Exploration Inc. Updates Status of Management Cease Trade Order
June 18 2015 - 2:20PM
PR Newswire (Canada)
TORONTO, June 18, 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
permeant 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MCTO has been revoked of a full cease trade order issued.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 continues to work on a transaction that should generate
some cash flow for Viking.
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.
Copyright 2015 Canada NewsWire
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