TORONTO, July 6, 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 permanent
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MCTO has been revoked or a full cease trade order issued.
The Company has also missed the filing deadline of June 1, 2015 to file its Q1 results and the
management discussion and analysis that goes with it.
The Company now has the requisite funds to complete its audit of
the year end financial statements. The Company has engaged its
auditors and anticipates having all filings up to date by no later
than July 31, 2015.
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.