Viking Reduces Debt by Another $1.86 Million (totaling a $5.86 mm reduction in less than 10 days)
VIKING ENERGY GROUP INC (VKIN)
NASDAQ:AMEX Investor Relations:
vikingenergygroup.com
Company Research
Source: GlobeNewswire
HOUSTON, TX, Nov. 05, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Viking Energy Group, Inc. (OTCQB: VKIN) (“Viking” or the “Company”) is pleased to announce that it has reduced its debt by an additional ~ $1.86 million, effective October 31, 2019, through the exercise of warrants by certain participants in Viking’s Secured Convertible Note Offering that closed on or about November 19, 2018. The Company is also due ~ $181,000 in cash consideration in connection with the exercise of the warrants. 20,416,350 warrants were extinguished as part of the initiative. Further details were included in Viking’s Form 8-K filed on November 4, 2019 with the Securities and Exchange Commission and available under "Investors -- SEC Filings" at www.vikingenergygroup.com. Combined with the $4 million debt repayment made by the Company on October 23, 2019, the Company reduced its overall debt by ~ $5.86 million in less than ten days. About Viking: Viking is an independent
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