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Petro Viking Energy Inc.: Amendment to Private Placement |
February 10, 2011
CALGARY, ALBERTA--(Marketwire - Feb. 9, 2011) - Mr. David Heighington, a Director of Petro Viking Energy Inc. (the "Company") (TSX VENTURE:VIK.P), announces that it has amended the terms of the brokered private placement as announced October 13, 2010 to include a full share purchase warrant. The private placement will now consist of up to 10,000,000 units of the Company at a price of $0.30 per unit. Each unit consists of one common share of the Company and one share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share of the Company at an exercise price of $0.50 per warrant for a period of 24 months from the closing date, subject to accelerated expiry as outlined below. The addition of the warrant to the private placement remains subject to the approval of the TSX-V.
http://www.marketwire.com/mw/release.do?id=1393353&sourceType=3
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