28-Aug-2012
Regulation FD Disclosure, Financial Statements and Exhibits
ITEM 7.01 REGULATION FD DISCLOSURE
REVERSE STOCK SPLIT
On May 21, 2012, the Board of Directors of Viking Minerals Inc., a Nevada corporation (the "Corporation") authorized and approved a reverse stock split of one foir for one thousand (1:1,000) of our total issued and outstanding shares of common stock (the "Stock Split"). The Stock Split was approved by the Board of Directors of the Company in the best interests of the Company and based upon consideration of certain factors including, but not limited to: (i) current trading price of the Company's shares of common stock on the OTC Bulletin Board and potential to increase the marketability and liquidity of the Company's common stock; (ii) possible reluctance of brokerage firms and institutional investors to recommend lower-priced stocks to their clients or to hold in their own portfolios; and (iii) desire to meet future requirements of per-share price and net tangible assets and shareholders' equity relating to admission for trading on other markets. On May 21, 2012, the shareholders of the Company holding a majority of the total issued and outstanding shares approved via written consent the Stock Split.
The Stock Split was effectuated on July 5, 2012 upon filing the appropriate documentation with FINRA. The Stock Split decreased our total issued and outstanding shares of common stock from 108,000,000 to 108,000 shares of common stock. The common stock will continue to be $0.001 par value. The shareholder record date was May 21, 2012.
CERTIFICATE OF CHANGE
On June 13, 2012, the Corporation filed with the Nevada Secretary of State a certificate of change to the Articles of Incorporation to reflect no change in its authorized capital structure pertaining to the Stock Split. Therefore, as of the date of this Current Report, the Corporation's authorized capital structure remains at 400,000,000 shares of common stock, par value of $0.001.
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