By Devika Patel
Knoxville, Tenn., Nov. 12 - Virginia Mines Inc. said it plans a C$2.42 million private placement of stock.
The company will sell 279,124 flow-through shares at C$8.67 per share via agent Casimir Capital LP.
Settlement is expected on Nov. 19.
Proceeds will be used for exploration.
Quebec City-based Virginia Mines is a mineral exploration company.
| Issuer: | Virginia Mines Inc.
|
| Issue: | Flow-through shares
|
| Amount: | C$2.42 million
|
| Shares: | 279,124
|
| Price: | C$8.67
|
| Warrants: | No
|
| Agent: | Casimir Capital LP
|
| Pricing date: | Nov. 12
|
| Settlement date: | Nov. 19
|
| Stock symbol: | Toronto: VGQ
|
| Stock price: | C$5.24 at close Nov. 11
|
| Market capitalization: | C$155 million
|
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