Viking Investments Group, Inc. Announces Letter of Intent With Tanager Energy Inc. Regarding Proposed Investment in Tanager
May 22 2014 - 8:15AM
Marketwired
Viking Investments Group, Inc. Announces Letter of Intent With
Tanager Energy Inc. Regarding Proposed Investment in Tanager
NEW YORK, NY--(Marketwired - May 22, 2014) - 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 Email: IR@vikinginvestments.com Website:
www.vikinginvestments.com(will be updated accordingly)
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