Viking Ashanti (ASX: VKA) has changed its name to Viking Mines from 26 May 2014 following shareholder approval of 2 May, reflecting the acquisition of Auminco Mines.
The company’s ASX ticker code remains unchanged.
Viking had last week received acceptances for 97.08% of the unlisted coal development company.
The takeover of 60.6 Viking Shares and 20.2 Viking Options for every 100 Auminco Shares held expires on Friday, 6 June 2014.
Auminco holds the Berkh Uul project that is located next to a rail link that connects with Russian markets, and provides quick access to domestic power plants and industrial users at Darkhan and Ulaanbaatar.
It has JORC resources of 38.3 million tonnes of high quality, open pittable unwashed bituminous coal.
Successful production at Berkh Uul would provide significant cash flows to develop the remainder of the combined group's portfolio as well seek out further production and near term production opportunities.
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