WhereDaily News: Viking Investments Group, Inc. Announces Private Placement

NEW YORK, NY--(Marketwired - May 12, 2014) - Viking Investments Group, Inc. ("Viking") (OTCQB: VKIN) is pleased to announce that it intends to complete a private placement for gross proceeds of $2,000,000 (the "Financing"). These funds will be raised by the issuance of 4,000,000 Units (the "Units") at a price of $0.50 per Unit (currently being a premium to the Company's market price), each Unit consisting of one common share and one share purchase warrant (the "Warrants"), each whole Warrant entitling the holder thereof to purchase one additional common share, exercisable for a period of one (1) year from the date of issuance at a price of $0.75 per share. The Units will be issued to more than one investor.

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