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viking mines ltd (VKA) Snapshot

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12/27/13 - A$0.05
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08/30/13 - A$0.02
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viking mines ltd (VKA) Details

Viking Mines Limited explores for, develops, and mines mineral deposits in West Africa. It company focuses on its interest in the Akoase gold project that covers an area of 106 square kilometers located at the northeastern end of the Ashanti Gold Belt in southern Ghana. The company was formerly known as Viking Ashanti Limited and changed its name to Viking Mines Limited in May 2014. Viking Mines Limited was founded in 2007 and is based in West Perth, Australia.

Founded in 2007

viking mines ltd (VKA) Top Compensated Officers

Managing Director and Executive Director
Total Annual Compensation: A$220.9K
Company Secretary
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

viking mines ltd (VKA) Key Developments

Viking Ashanti Limited, Special/Extraordinary Shareholders Meeting, May 02, 2014

Viking Ashanti Limited, Special/Extraordinary Shareholders Meeting, May 02, 2014., at 11:30 W. Australia Standard Time. Location: the Celtic Club. Agenda: To approve of change in scale of company’s activities; to consider ratification of previous issue of company’s Shares under the preliminary raising; to approve of issue of company’s Shares and Options pursuant to proposed Capital Raising; to approve of issue of company’s Shares and Options to Directors under the proposed capital raising; to approve of issue of company’s Shares and Options to the Auminco Lenders under the Debt Agreement; to approve of issue of company’s Options to Corporate Advisers; to approve of issue of company’s Options; and to approve of change of company name.

Viking Ashanti Limited Reports Audited Consolidated Earnings Results for the Half Year Ended December 31, 2013

Viking Ashanti Limited reported audited consolidated earnings results for the half year ended December 31, 2013. For the period, the company reported other income of AUD 1,698 against AUD 14,293 a year ago. Loss before income tax expense was AUD 320,932 against AUD 1,056,492 a year ago. Loss attributable to owners of the company was AUD 316,665 or 0.35 cents per basic share against AUD 983,477 or 1.26 cents per basic share a year ago. Net cash outflow from operating activities was AUD 122,495 against AUD 496,802 a year ago. Payments for exploration and evaluation were AUD 95,023 against AUD 574,470 a year ago.

Viking Ashanti Limited Proposes Post-Merger Board Members

Viking Ashanti Limited announced it had entered into a binding Heads of Agreement with Auminco Mines Limited (AUM or Auminco) under which Viking Ashanti has agreed to merge with Auminco in a share exchange transaction. The agreement will see Viking Ashanti acquire 100% of the Auminco shares and options by the issue of: 81,000,000 Viking Ashanti shares; 27,000,000 million unlisted Viking Ashanti options exercisable at AUD 0.12 for a term of 30 months from merger completion; and 3,000,000 unlisted Viking Ashanti options exercisable at AUD 0.20 on or before 15 November 2016. The proposed post-merger Board will comprise four members with existing Viking Ashanti Directors, Mr. Jack Gardner and Mr. Peter McMickan remaining as Chairman and Executive Director respectively. Auminco's Mr. Andrew Whitten will join the Board as Non-Executive Deputy Chairman while Mr. Matt Morgan will become Managing Director. Mr. Bayar Tsa,gdaa will act as an alternate for Mr. Andrew Whitten.


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