Viking Gold Exploration Inc. (VGC.V) has now completed a non-brokered private placement offering. The Company has sold 525,000 units at a price of $0.60 per unit for gross proceeds of $315,000.
The proceeds will be used 80% to fund exploration expenditures and 20% for general corporate purposes.
The Company also sold 500,000 units at $0.10 per unit for gross proceeds of $50,000. Each unit consists of one common share plus a full warrant that entitles the holder to purchase one common share at a price of $0.15 for a period of 24 months from the date of closing. The proceeds will be used for general working capital purposes.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
