Viper Gold plans to sell common shares in C$250,000 private placement

Proceeds will help fund costs to acquire QuikFlo Technologies

By Angela McDaniels

Tacoma, Wash., Sept. 1 – Viper Gold Ltd. plans to raise C$250,000 in a non-brokered private placement of shares at C$0.15 per share.

The placement will be completed in conjunction with the company’s acquisition of QuikFlo Technologies Inc. Viper will acquire all of the outstanding shares of QuikFlo in exchange for 30 million Viper shares at a deemed price of C$0.10 per Viper share.

The proceeds of the placement will be used to develop the QuikFlo diagnostic tool, which is being developed to interpret computerized tomography scans of ischemic stroke patients, and to pay for a portion of the costs of the acquisition.

Following the acquisition, Viper plans to change its name to QuikFlo Health Inc.

Viper Gold is a gold exploration company based in Whitby, Ont.

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