Published on 11/19/2009 in the Prospect News PIPE Daily.
New Issue: Virginia Mines secures C$2.58 million via private placement of stock
By Devika Patel
Knoxville, Tenn., Nov. 19 - Virginia Mines Inc. said it concluded a C$2.58 million private placement of stock. The deal priced for C$2.42 million on Nov. 12.
The company sold 297,086 flow-through shares at C$8.67 per share via agent Casimir Capital LP.
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$2,575,736
|
| Shares: | 297,086
|
| Price: | C$8.67
|
| Warrants: | No
|
| Agents: | 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$152 million
|
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