Viking Energy Group, Inc. (OTCMKTS:VKIN) Files An 8-K Changes in Control of Registrant

Viking Energy Group, Inc. (OTCMKTS:VKIN) Files An 8-K Changes in Control of Registrant

Story continues below

Item 5.01 Changes in Control of Registrant.

On May 15, 2017, Viking Investments Group, LLC (the Simeo LLC),
an entity controlled by Tom Simeo, an officer and director of
Viking Energy Group, Inc. (the Company), sold 14,046 shares of
the Companys Series C Preferred Stock (the Shares) to James A.
Doris, the CEO and a director of the Company, in consideration of
the purchase price of $20,000 paid from the personal funds of Mr.
Doris (such sale the Sale). Prior to or simultaneous with closing
the Sale, Mr. Simeo transferred the Shares to the Simeo LLC. As
(1) Mr. Doris already held 14,046 shares of the Companys Series C
Preferred Stock prior to the Sale, as well as 2,000,000 shares of
the Companys common stock, (2) there are no other shares of
Series C Preferred Stock outstanding, (3) there were 59,455,134
shares of common stock considered outstanding as of May 10, 2017,
and (4) each of the preferred shares entitles the holder to 2,000
votes per share, the transfer of the Shares to Mr. Doris
constituted a change of control. Mr. Doris now owns approximately
3.4% of the Companys common stock and 50% of the Companys Series
C Preferred Stock.

Item 5.02 Departure of Directors or Principal Officers;
Election of Directors; Appointment of Principal

On May 16, 2017, Tom Simeo resigned from all positions with the
Company. Mr. Simeos resignation is not related to any
disagreement with the Company.

Item 9.01 Financial Statements and Exhibits.

The exhibits listed in the following Exhibit Index are filed as
part of this report:

Exhibit No.



Letter from Tom Simeo dated May 16, 2017.


About Viking Energy Group, Inc. (OTCMKTS:VKIN)

Viking Energy Group, Inc. (Viking Energy), formerly Viking Investments Group, Inc., is an independent exploration and production company. The Company is engaged in the acquisition, exploration, development and production of oil and natural gas properties in the Mid-Continent region, both individually and through collaborative partnerships with other companies. The Company, through its wholly owned subsidiary, Mid-Con Petroleum, LLC, owns a working interest in seven producing oil leases with access to oil and gas mineral rights concerning approximately 800 acres of property in Miami and Franklin Counties in Eastern Kansas. Viking Energy owns a 100% working interest in 31 leases with access to the mineral rights (oil and gas) concerning approximately 5,500 acres of property in Cass and Bates Counties in Missouri. The Company’s investment with Tanager Energy, Inc. includes a 50% working interest in the Joffre oil and gas property located in Alberta, Canada (the Joffre Property).

Viking Energy Group, Inc. (OTCMKTS:VKIN) Recent Trading Information

Viking Energy Group, Inc. (OTCMKTS:VKIN) closed its last trading session down -0.014 at 0.145 with 24,077 shares trading hands.

An ad to help with our costs