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Re: Papa Bear post# 8

Wednesday, 09/14/2011 8:25:57 PM

Wednesday, September 14, 2011 8:25:57 PM

Post# of 22933
VKML - I would have to say i agree with SUPERCASH4ME on this one...

240 Million Common Shares Cancelled! >>> This is awesome news!

VIKING MINERALS INC. (OTCBB: VKML) (www.vikingmineralsinc.com) reports that the company has cancelled 240,000,000 common shares in order to greatly enhance the position of its shareholders. The Company is dedicated to enhancing shareholder value and advancing its resource projects to maximize the Company's position in the marketplace.

Company President Charles Irizarry stated: "The global demand for Gold and Copper has never been greater and Viking is well positioned to take advantage of this demand with its Dolly Varden property in Elko County Nevada. Viking will aggressively pursue near term production opportunities over the coming quarters. By reducing the issued and outstanding shares in our company by 240,000,000 or two thirds, we have not only dramatically enhanced our shareholders value, but also provided the company with the flexibility to acquire production assets using both cash and stock with minimal dilution to our share holders"

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