Value Microcaps Zip Code Changers

[Potse]

VKIN(.26)...increased my position....

20M shares outstanding

Added a few shares to my position today and Friday, just in case both an anticipated management change and private placement (at a nearly 100% premium) are completed and confirmed sometime in the near future (hopefully within the next week or two). High risk situation because the company allowed Asher Enterprise to convert much of its debt, but there have been periods of very unusual/strong buying interest in this stock ever since a change-in-control agreement was announced back in March.

The quarterly report filed last week mentioned that the change-in-control was expected to be completed on May 15 (Thursday). The last press release issued by VKIN stated that the private placement was expected to be completed sometime around May 23 (this Friday)......

Viking Investments Group, Inc. (“Viking”) (OTC: 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.

Proceeds raised from the Financing will be used to purchase an equity interest in one or more publicly-traded companies actively engaged in the commercial production of oil and gas, and for general working capital.

The Financing is expected to close on or about May 23, 2014.

http://www.vikinginvestments.com/