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Virgin Metals Inc.: Announces Concurrent Private Placement and Rights Offering
Sep. 24, 2010 04:23PM PST
Base Metals Investing
Virgin Metals Inc. (CVE:VGM) announced that it intends to carry out a non-brokered private placement of up to 3,057,004 units at a price of $0.20 per Unit for aggregate gross proceeds of up to $611,400.
Virgin Metals Inc. (TSXV:VGM) announced that it intends to carry out a non-brokered private placement of up to 3,057,004 units at a price of $0.20 per Unit for aggregate gross proceeds of up to $611,400.
The press release is quoted as saying:
Each Unit will be comprised of one common share (each, a “Common Share”) and one Common Share purchase warrant (each, a “Warrant”) of the Company. Each Warrant will entitle the holder to purchase one Common Share at any time for a period of two years, at a price of $0.25 per Common Share.
Click here to access the entire press release