Non-brokered deal sells shares at C$17.50 to finance exploration work
By Devika Patel
Knoxville, Tenn., Dec. 13 - Virginia Mines Inc. said it will conduct a C$2 million non-brokered private placement of stock.
The company will sell 114,286 flow-through common shares at C$17.50 each. The price per share is a 76.41% premium to the Dec. 12 closing share price of C$9.92.
Settlement is expected on Jan. 16.
Proceeds will be used for exploration work.
Quebec City-based Virginia Mines is a gold and base metals exploration company.
| Issuer: | Virginia Mines Inc.
|
| Issue: | Flow-through common shares
|
| Amount: | C$2 million
|
| Shares: | 114,286
|
| Price: | C$17.50
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Dec. 13
|
| Settlement date: | Jan. 16
|
| Stock symbol: | Toronto: VGQ
|
| Stock price: | C$9.92 at close Dec. 12
|
| Market capitalization: | C$320.37 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.
