TORONTO, July 20, 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MCTO has been revoked or a full cease trade order issued.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 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.