How Strong Viking Minerals Inc's (OTC:VKML) Bull Run Is

Las Vegas, NV -- (SBWIRE) -- 01/26/2013 -- Viking Minerals Inc (OTC:VKML) jumped 33.85 percent to close at $0.0435 in its last trading session. The surge was also backed by strong volume of 9.17 million shares as compared to its average traded volume of 3.29 million shares per day. The share price witnessed a huge fall in July, 2012 when the company offered a split of 1:10. The share price fell from the level of $4 to $0.033 and since then has found support around these levels.

Looking at its price history the share price has touched its highest of $7 in last one year while its highest in last 52 weeks stood at $0.01.

Viking Minerals Inc is also engaging capital investment firms to fund the acquisition and additional capital expenditures. The company is liable to pay $15 million under the terms of acquisition agreement with Discovery Gold Mine – Trinity Alps Resources. Almost payment of $6.1 million is payable by March 31st 2013 which the rest of the balance is to be paid on 18 monthly installments of $494,444. That is why; the company is aggressively looking for opportunities to generate funds.

To find out what OTCMAGIC projects for Viking Mineral Inc for both short term and long term please click here: VKML

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