VKIN = Viking Energy Group, Inc. (OTCQB: VKIN) (“Viking” or the “Company”), an independent exploration and production company focused on the acquisition and development of oil and natural gas properties in the onshore Gulf Coast and Mid-Continent regions, today announced that it is seeking to raise up to $16.5 million (and up to $20 million with an over-allotment option) through an offering of 10.5% secured promissory notes (the “Notes”) and shares of Company common stock (the “Shares”), to be conducted pursuant to Rule 506(c) of the Securities Act of 1933, as amended (the “Offering”).
The Notes, which will mature in November 2020, will pay interest quarterly, in cash. In addition, for each $100,000 invested, noteholders will receive 60,000 shares of Viking common stock. Holders will also have the option, at any time prior to the earlier of the maturity date or 15 business days following the date that the Company’s common stock trades at an average of at least $0.65/share for 15 consecutive business days, to convert up to 50% of the principal amount of their Notes into shares of Company common stock at a conversion price equal to $0.35 per share. Holders will also have the option to convert any portion of the principal amount of their Notes into Viking securities to be issued in any public offering (the “PO Securities”) initiated by the Company following the initial closing of the Offering, at a fifteen percent (15%) discount to the price of the PO Securities. The Notes will be backed by a security interest in and pledge of all the membership units of certain of the Company’s wholly-owned subsidiaries, which security interest in the pledged securities will be perfected by the filing of a UCC-1 Financing Statement by a designated collateral agent for the benefit pari passu of the noteholders.
The Notes and Shares will be offered in denominations of $100,000, with a minimum investment amount per investor of one Unit ($100,000), which may be waived by the Company in its sole discretion. The initial closing of the Offering will be conditional upon the Company completing the closing of a certain previously announced and pending acquisition of oil and gas assets, and it is contemplated that the closing of the acquisition and the initial closing of the Offering will occur concurrently. All investors in the Offering must be “accredited investors” as defined under Rule 501 of Regulation D and meet other suitability standards. Investors will be required to verify their accredited status in compliance with Rule 506(c).
“This offering will assist the company with closing another material acquisition. The integration of these strategic assets within our portfolio will further increase our reserves and cash-flow and advance our overall business plan as we continuously strive to leverage the expertise and relationships of our management and technical teams to drive operating efficiencies, exploit existing down-hole assets and to identify new drilling opportunities. Looking ahead, we are excited about our plans and prospects, and are committed to continuing to grow stakeholder value,” stated Viking CEO James Doris.
UNRG = United Energy Corp. (OTC: UNRG) is proud to announce that it is in the final stages of completing the acquisition of Rigworx, Inc. located in Texas. Rigworx Inc is a vertically integrated E&P Company with operating authority in the States of Oklahoma and Kansas. The company anticipates it will expand its footprint into Texas within the next 120 days. It is the intention of Rigworx Inc to grow its lease and mineral holdings through improved production and additional acquisitions. Rigworx produces hydrocarbons from its existing inventory of holdings. The primary focus is oil and, in some cases, complemented by natural gas, condensate and other items.
“We are extremely excited to announce the pending acquisition of Rigworx, Inc. and returning value to our shareholders,” stated Sam Smith, CEO of United Energy Corp. “Our management team believes that Rigworx is perfectly positioned to become one of the major players in the Oil and Gas production industry.” Sam Smith continued, “Over the next few weeks we intend to become a fully reporting SEC company, file for a name and symbol change and finalize the acquisition. This will bring immediate value to our shareholders and transparency to the marketplace.”
“The U.S. has become the world leader in oil and gas output, making extraction (or mining) the nation’s fastest growing industry in the next year,” Smith continued. “The growth of the industry over the last few years and expected continued growth will position the company and our shareholders for further expansion in the coming months. The company will provide updates to shareholders about our progress in the near future,” stated Smith.
ALPP = This stock has been moving since Alpine 4 Technologies (OTCQB: ALPP) announced back on October 9, 2019, that it is providing preliminary guidance for its Q3 2019 sales. The company expects to report for the period ending Q3 2019 sales of $6.9 million which is revenue growth of approximately 43% over Q3 2018. Alpine 4 also is estimating for the first 9 months of 2019 that its revenue will exceed $20 million.
DCGD = GRN Holding Corporation, Formerly Discovery Gold Corporation, (OTC PINK:DCGD, the “Company”), is pleased to announce it has added Deborah Pace to its team as Director of Investor Relations. Deborah has over 25 years of journalism, broadcasting, public relations and media relations experience in a variety of settings that include building and nurturing relationships with both internal and external stakeholders. For the past 14 years, Deborah has been a financial journalist with Acuris, and she has previously held various roles in print, radio and television media, as well as in marketing and public relations. “We’re pleased to have Deborah as a solid addition to our team,” said Justin Costello, CEO of the Company. “She brings an extensive amount of communications experience and financial expertise to GRN Holding Corp. and will be a key member of the team tasked with creating new, and building on existing, relationships in a number of areas.” Regarding the appointment to the Director of Investor Relations position, Ms. Pace said, “I am excited to be joining a hard-working, growth-minded team of executives in such a diversified and growing industry. GRN Holding Corporation is a game-changer at the forefront of a budding industry, and I am looking forward to bringing my skillset to the table to help catapult its growth.”