Virgin Metals Inc.: Receives Approval of Share Consolidation

Virgin Metals Inc. (TSXV:VGM) reported that it has received approval from the TSX Venture Exchange authorizing the consolidation of its common shares on a one (1) for five (5) basis.

The press release is quoted as saying:

Virgin Metals is a junior exploration and development company; its projects include two copper-molybdenum porphyry properties in Sonora, northern Mexico. One of these, Los Verdes, is currently the subject of a pre-feasibility study while the other, Cuatro Hermanos, is the focus of ongoing exploration efforts.

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