Virginia Energy Announces Corporate Restructure

Virginia Energy Resources Inc. (TSXV:VAE,OTCQX:VAERF) announced a corporate restructuring as it mergers with VA Uranium Holdings.

As quoted in the press release:

The Joint Information Circular, which details the planned spin out of Virginia Uranium Ltd. (“VUL”), and its subsequent merger with VA Uranium Holdings (“Holdco”), was mailed to all shareholders on July 24, 2012. Shareholders are encouraged to vote their proxies to ensure the success of the proposed transaction. Following the spin out, Virginia Energy Resources will change its name to Anthem Resources Incorporated (“Anthem Resources”). The new company that results from the merger of VUL and Holdco will own 100% of the Coles Hill project and shall take over the name Virginia Energy Resources Inc. (“Virginia Energy” or “VAE”).

After the transaction is completed, the current VAE shareholders will own 100% of Anthem and 29.4% of the new Virginia Energy.

Click here to read the Virginia Energy Resources Inc. (TSXV:VAE) press release.