Indie Growers Association, Formerly Viking Minerals, Shareholder Update
28 April 2014 - 2:01PM
Marketwired
Indie Growers Association, Formerly Viking Minerals, Shareholder
Update
CARSON CITY, NEVADA--(Marketwired - Apr 28, 2014) - Indie
Growers Association (OTCQB:VKMLD), formerly Viking Minerals Inc.,
announces it has terminated the share exchange agreement with Indie
Growers Union LLC, a Washington State corporation. By terminating
this agreement, the Company has severed all associations with Alejo
John Moreno or any corporate entities associated with him including
Indie Growers Union LLC and IGA LLC.
The Company is pleased to announce it has entered into an
agreement with River Ridge Sunshine Farms LLC to acquire a 30%
interest as well as a long term lease on the remaining 70% of their
agricultural property in Prosser, Washington. The acquisition and
long term lease is to take effect no later than May 31st following
a short due diligence period. The 40 acre plot is subdivided into
15 separate parcels, one of which has already been leased to a
licensed grower with construction well under way on greenhouses and
ancillary buildings. The first crop is expected to be planted in
the next 60 days. Under the sublease agreements with the licensees,
a portion of the revenue from the sale of every crop will be paid
to the Company as a royalty.
The Company is also pleased to announce the appointment of Mr.
Arnie DeWitt III to the Company's Board of Directors (the "Board").
Over the past 15 years Mr. DeWitt III has been providing sales and
marketing consultation services to furniture manufacturers such as
England furniture, a La-z-boy company, helping them build a retail
base of furniture dealers. He has developed sales strategies,
executed social media and conventional advertising campaigns, shot
and published countless hours of HD promotional videos, and
conducted hundreds of sales training sessions, garnering multiple
awards in sales and customer service. Also an avid gardener and
landscaper, Mr. DeWitt III has a passion for organic gardening
techniques in food production. With experience in brand
development, marketing and sales, Mr. DeWitt III adds an important
skill set to the Company's Board.
"I am honoured to accept this important position," said Mr.
DeWitt III. "The River Ridge property is an ideal location within
Washington State and there is a long list of licensed growers in
the area with no place to plant their crops. As an asset of the
Company, we will be uniquely poised to take advantage of the peak
in demand for agricultural land by providing growers with turnkey
greenhouse facilities that meet the requirements of the State. At
current prices, 15 Tier 3 growers producing crops on the property
could result in royalties for the Company of up to 20 million
dollars annually."
Indie Growers Association will continually strive to build
shareholder loyalty by focusing on strategic initiatives that add
value for our shareholders. Following the successful closing of the
River Ridge Sunshine Farm transaction, the Company intends to
acquire other properties and vend in other assets related to this
emerging industry.
Indie Growers Association (formerly Viking Minerals, Inc.)
Robert Coleridge, President
Cautionary Note Regarding Forward-Looking
Statements
This press release may contain certain forward-looking
statements regarding future circumstances. These forward-looking
statements are based upon the Company's current expectations,
assumptions, and forecasts and are subject to various risks and
uncertainties that could cause actual results to differ materially
from those contemplated in such forward-looking statements. Actual
results, events, and performance may differ. Readers are cautioned
not to place undue reliance on these forward-looking statements,
which speak only as of the date hereof. The Company undertakes no
obligation to publicly release any revisions to these
forward-looking statements that may be made to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events. The inclusion of any statement in this
release does not constitute an admission by the Company or any
other person that the events or circumstances described in such
statements are material.
Indie Growers Association1 (888) 648 04881 (206) 400
7569indiegrowersassocation@indiegrowersassociation.com