Viking Investments Group, Inc.
OTCQB : VKIN

BAO Capital Sarl

February 09, 2015 07:45 ET

Viking Investments Group, Inc. Announces Investment Banking Agreement With BAO Capital Sarl Regarding a Proposed $500M Bond Offering

NEW YORK, NEW YORK--(Marketwired - Feb. 9, 2015) - On February 7th, 2015, Viking Investments Group, Inc. ("Viking") (OTCQB:VKIN) and Cytron Capital Group Inc. ("Cytron") executed an Agreement (the "BAO Agreement") with BAO Capital Sàrl ("BAO"), a BAO Group Company, pursuant to which BAO has agreed to work with Viking and Cytron with effecting a USD$500M bond financing in Mauritius (the "Bond Transaction"). Proceeds from the Bond Transaction, if successful, will be used to complete, among others, the transactions announced on February 3rd, 4th and 5th, 2015 regarding the Halfmoon Bay, Riverwood and Cytron Gravel deals, respectively.

Under the BAO Agreement, BAO has agreed to work with Viking and Cytron with preparing the materials required for the Bond Transaction, identifying and introducing potential purchasers of the bond to Viking, making presentations to prospective purchasers, advising on relevant issues regarding structuring and closing the transaction, and participating in any selling group assembled to sell any securities or debt related to the bond (collectively, the "Services"). BAO will be responsible for listing the bond on The Stock Exchange of Mauritius (http://www.stockexchangeofmauritius.com).

In exchange for the Services, the BAO Agreement contemplates BAO receiving an initial retainer fee, an ongoing monthly retainer, and a cash success fee on closing of the Bond Transaction. Cytron is responsible for paying the initial and ongoing retainer fees. The minimum term of the BAO Agreement is 90 days, after which it may be terminated by any party upon 30 days' written notice to the other party.

About BAO (www.baofinancialgroup.com):

BAO is an Investment and Wealth Management group active in the financial centres of Switzerland, Cyprus and Mauritius. BAO works with a variety of companies, institutions and global governments with developing solutions to overcome financial challenges.

BAO specializes in sectors such as Food Processing, Natural Resources, Pharmaceuticals, Textiles, Auto Ancillary, Real Estate and Soft Commodity sectors. The group's services include Capital Sourcing for business expansion, M&A advisory, Equity Market Intermediation and Corporate Advisory Services, and its capabilities include the private placement of equity and quasi-equity or debt securities. BAO also assists with formulating and implementing strategies for mergers & acquisitions, buyouts, and divestitures as well assisting with arranging the finances necessary for these transactions.

About Cytron:

Cytron Capital Group Inc. is a North American based investment capital group that provides capital and corporate finance services, primarily focused on real estate, property development, natural resources, including agriculture, and the energy sector.

About Viking:

Viking aims to acquire, invest in and/or provide professional advisory and consulting services to companies undergoing or anticipating periods of rapid growth, significant change or ownership transition. Viking's primary focus is directed toward evaluating and completing investments in North America, mainly in the Oil & Gas and Real Estate sectors, with appropriate diversification and balance between each division. Viking targets under-valued investments with realistic appreciation potential and a defined exit strategy.

Viking is not an investment company, as defined by the Investment Company Act of 1940.

Safe Harbor Statement

This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's Forms 10-K and 10-Q filed with the SEC.

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