Viking Minerals Inc: The Company enters into final negotiations to acquire Multi-Million dollar Coal Resource on profit sharing basis.
PEORIA, AZ, May 23, 2013 /PRNewswire/ - Viking Minerals Inc. (VKML-OTCBB) announces on behalf of the Board of Directors that the Company has entered into final and formal negotiations with the principals of a large multi-million dollar worth Coal Resource in North Central United States. As per the initial reports, the Coal Resource is assembled in and around 4 large stock piles or tracks, easily accessible through a network of roads, river systems, which shall provide competitive, sophisticated and dependable modes of transportation to the market areas or the end-users.
The Company and the principals of the Coal Resource have agreed to split the Net profits on 50/50 basis, and the Company will pay a fee to the selling agents.
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include among others, the inherent uncertainties associated with smaller reporting companies, including without limitation, other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
SOURCE Viking Minerals Inc.