Virgin Metals is pleased to announce that the TSX Venture Exchange has approved an extension in the expiry date of 4,659,504 warrants exercisable at $0.25 to December 6, 2012. The 3,057,004 warrants originally scheduled to expire on October 18, 2012 and the 1,602,500 warrants originally scheduled to expire on November 12, 2012 will now all expire [...]
Virgin Metals is pleased to announce, subject to TSX Venture Exchange approval, the completion of a non-brokered private placement of common shares at a price of $0.15 per Common Share for aggregate gross proceeds of $203,971.05. Participation of insiders in the private placement totaled 59% of the total amount raised. No finder's fees were paid or [...]
Virgin Metals today discussed recent progress at its 100% owned Los Verdes Project in Sonora, Mexico. "We are well on track to completing our Pre-Feasibility study update this year," said Chris Frostad, President & CEO. "Our focus now is the completion of field work necessary to include the Potreritos deposit in our overall project resources as [...]
Virgin Metals is pleased to announce that it has signed a 25-year agreement with owners of the property hosting the Company's recently acquired Potreritos concessions. "We are very eager to begin the work required to add the Potreritos deposit to the Los Verdes reserves," commented Federico Alvarez, Vice President, Project Development. "The local [...]
Virgin Metals Inc. is pleased to announce that it has engaged CHF Investor Relations, a highly regarded Canadian investor relations firm headquartered in Toronto, as its IR partner. 'We are looking forward to getting our story out with CHF to the Canadian investment community,' commented Chris Frostad Virgin Metals' President and CEO. 'In [...]
Virgin Metals today released the results of a Preliminary Economic Assessment on its 100% owned Los Verdes Project in Sonora Mexico including a financial analysis of the impact of Virgin's recent Potreritos acquisition. 'Over the past year we have been able to re-cast our resource estimate, successfully optimize the metal processing recoveries [...]
Virgin Metals is pleased to announce that it has closed a non-brokered private placement of $1,095,000 by way of an 8% secured convertible debenture. The private placement is subject to the final approval of the TSX Venture Exchange. Each Debenture carries a yield of 8% per annum, with interest calculated and payable quarterly in arrears on that [...]
TORONTO, ONTARIO -- (Marketwire) -- 12/20/11 -- Virgin Metals Inc. (TSX VENTURE: VGM), following the recent successful acquisition of Potreritos, announced today their updated plan and development schedule for the Company's contiguous and consolidated Los Verdes project.
TORONTO, ONTARIO -- (Marketwire) -- 11/17/11 -- Virgin Metals Inc. (TSX VENTURE: VGM) today announced that it has ratified and approved a shareholder rights plan (the 'Rights Plan'). The Rights Plan is effective immediately and was approved by an 89% majority of holders of common shares ('Shareholders') of Virgin Metals who voted at the Company's
TORONTO, ONTARIO -- (Marketwire) -- 10/27/11 -- Virgin Metals Inc. (TSX VENTURE: VGM) today released their outline of the historic resources estimate at their 100% owned Potreritos project concessions in Sonora Mexico (see press release September 28, 2011). The Potreritos project neighbors the company's Los Verdes copper/molybdenum reserves and
TORONTO, ONTARIO -- (Marketwire) -- 10/12/11 -- Virgin Metals Inc. (TSX VENTURE: VGM) today released details regarding initial assessment efforts at their Alamos Gold project located in Sonora Mexico.
'The historical La Campana mine that operated on the property was one of the higher grade gold operations in Mexico during its lifetime.' said
TORONTO, ONTARIO -- (Marketwire) -- 10/04/11 -- Virgin Metals Inc. (TSX VENTURE: VGM) announces that its Board of Directors has approved the adoption of a shareholder rights plan (Rights Plan), effective immediately, subject to acceptance by the TSX Venture Exchange.
