New Issue: Virginia Mines takes in another C$1.27 million in placement of stock

By Devika Patel

Knoxville, Tenn., Dec. 11 - Virginia Mines Inc. said it settled a C$1.27 million tranche of a private placement of stock. The deal priced for C$2.42 million on Nov. 12, and the company raised C$2.58 million on Nov. 19.

The company sold 297,086 flow-through shares at C$8.67 per share in the first tranche. It sold 146,830 shares in the second tranche.

The deal was conducted 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$3,848,752
Shares:	443,916
Price:	C$8.67
Warrants:	No
Agent:	Casimir Capital LP
Pricing date:	Nov. 12
Settlement date:	Nov. 19 (for C$2,575,736), Dec. 11 (for C$1,273,016)
Stock symbol:	Toronto: VGQ
Stock price:	C$5.24 at close Nov. 11
Market capitalization:	C$156 million

© 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.