Published on 11/22/2004 in the Prospect News PIPE Daily.
New Issue: Virginia Gold Mines raises C$1.5 million in private placement
By Sheri Kasprzak
Atlanta, Nov. 22 - Virginia Gold Mines Inc. said Monday it raised C$1.5 million through the private placement of shares.
The deal consists of 403,333 flow-through common shares at C$3.75 each for C$1,512,498.75. The pricing is a 25% premium to the company's closing price on Nov. 19.
Based in Quebec City, Quebec, Virginia Gold Mines is a gold exploration company. The company plans to use the proceeds from the financing for exploration on its Eleonore project.
| Issuer: | Virginia Gold Mines Inc.
|
| Issue: | Flow-through common shares
|
| Amount: | C$1,512,498.75
|
| Shares: | 403,333 flow-through common shares
|
| Price: | C$3.75
|
| Warrants: | No
|
| Pricing date: | Nov. 19
|
| Settlement date: | Nov. 22
|
| Investors: | Mavrix Funds, NCE Diversified Flow Through (04) LP
|
| Stock price: | $3 at close Nov. 19
|
| Stock price: | $3.30 at close Nov. 22
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
