Caisse de depot et placement du Quebec buys shares at C$13.83 apiece
By Devika Patel
Knoxville, Tenn., Nov. 26 – Virginia Mines Inc. said it settled a C$28 million private placement of stock with Caisse de depot et placement du Quebec.
The company sold 2,024,583 common shares at C$13.83 each. The price per share is an 82.83% premium to the Nov. 25 closing share price of C$13.04.
Quebec City-based Virginia Mines is a gold and base metals exploration company.
| Issuer: | Virginia Mines Inc.
|
| Issue: | Common shares
|
| Amount: | C$28 million
|
| Shares: | 2,024,583
|
| Price: | C$13.83
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| Warrants: | No
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| Investor: | Caisse de depot et placement du Quebec
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| Settlement date: | Nov. 26
|
| Stock symbol: | Toronto: VGQ
|
| Stock price: | C$13.04 at close Nov. 26
|
| Market capitalization: | C$435.03 million
|
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