VIPR Industries Inc. (PINK SHEETS:VIPR - News) ("VIPR") announces the completion of its most recent phase of exploration, its reconnaissance exploration pitting and trenching program on its Misangachuki Singida-Londoni Gold prospect property, located in Tanzania, a property defined by 20 concessions.
The samples taken from the program, carried out by JICL Consulting of Tanzania, will be shipped out to a laboratory for analysis where a final report is to be drafted and forwarded to VIPR. The analysis and drafting of a report is estimated to take between 4 to 6 weeks for completion.
In other events, the company announces it has reached its maximum amount allowable for a 504 finance offering for a given 12 month period. All finance options for any future fundings are being reviewed and considered. The company's year end financials to be posted by March 31, 2010.