VKA 8.33% 1.1¢ viking mines limited

usc, this from 1/2/16 ann. "The Board of Viking Mines Limited...

  1. 3,743 Posts.
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    usc, this from 1/2/16 ann.

    "The Board of Viking Mines Limited (Viking: VKA.AU) is pleased to announce that it has now received the full US$2,000,000 in non-refundable deposit proceeds from Akoase Resources Limited (ARL) the purchaser of the Akoase Gold Project in Ghana, West Africa, in accordance with the Akoase Gold Project Sale Agreement dated June 2015. Following payment of the US$2 million by ARL the only remaining condition precedent to completion of the sale is for Viking to obtain the necessary government approvals to transfer the Akoase tenements to ARL. Viking has commenced preparation of the necessary applications and documents required to obtain the Minister of Mines approval to the transfer of the Akoase licences to ARL. This process includes making various submissions to the Minerals Commission and obtaining a tax clearance for its Ghanaian incorporated subsidiary. This process is expected to take approximately 3 months from lodgement. It is expected that the completed documents will be lodged in February"

    that is why.
 
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