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Gold/Mining/Energy : AFRI "African Resources, Inc"
AFRI 10.85+3.8%3:59 PM EST

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To: ANGLER who wrote (1148)8/27/1999 12:49:00 AM
From: OnLineTrader  Read Replies (1) of 1151
 
I haven't heard anything about going back to OTCBB except for the last PR which I am posting below. I wish Rick would get on the stick and let us know what's going on. The last word was, they would begin mining in January (what year?).

(PR NEWSWIRE) Viking Files Form 10SB and Has Status Change
Viking Files Form 10SB and Has Status Change

TORONTO, Aug. 4 /PRNewswire/ -- Viking Exploration Inc.
(0TC Bulletin Board: VIKE) announced it filed its Form 1OSB to the SEC on Aug 2, 1999 and, until final SEC approval, will be trading on the Pink Sheets.
President Rick Brodzik stated, "Completion of the Form 10SB was a significant team effort. The delay in its acceptance is an unfortunate occurrence but it is only temporary. Shareholders can rest assured that Viking will take steps to see that it is resolved as quickly as humanly possible. We will remain in constant contact with the SEC to make sure everything is being done to complete the process. Until these issues are resolved, Viking will trade under the symbol VIKE."
Brodzik added, "We will continue to press forward with Viking diamond and precious metals exploration in Guinea, Africa. I hope the shareholders will focus on recent encouraging developments." He then reported the results of an independent analysis of gold content samples taken from its Konkoure River concession in Guinea, Africa. Eight samples which were analyzed by Ledoux & Company showed favorable concentrations of gold with an average of .69 troy ounces per ton, or slightly over 1 troy ounce per cubic yard.
In addition diamond and precious metal samples from the Konkoure concession are currently being assayed and results will be released as soon as they are available.
Unlike other parts of Africa, Guinea's government has been stable for more than thirty years. Viking's management has been in negotiations with the government since 1993 and has established substantial personal relationships with both government officials and the local tribes people.

CONTACT: Investor Relations, Ron Kolman, 250-545-5730, or e-mail,
ron_kolman@bc.sympatico.ca , or Rick Brodzik, President of Viking Exploration Inc., 416-244-6373, or fax, 416-244-9616
Web site: www.vikingexploration.com

Safe Harbor Statements under the Private Securities Litigation Reform Act of 1995. This announcement contains "forward-looking" statements. Although we believe that the statements contained in this announcement are reasonable, we can give no assurances that such statements will prove correct.

SOURCE Viking Exploration Inc.
-0- 08/04/99
/CONTACT: investors, Ron Kolman, 250-545-5730, or e-mail,
ron_kolman@bc.sympatico.ca , or Rick Brodzik, President of Viking Exploration Inc., 416-244-6373, or fax, 416-244-9616/
/Web site: vikingexploration.com /
(VIKE)

CO: Viking Exploration Inc.
ST: Ontario, Guinea
IN: MNG
SU:
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