Comment: Keep up with VER because they plan to blow up the hills of VA for their own greed plus it is a Canadian corportation! We need a record of all activities so we can sue them later when the mining of uranium gives us cancer, ruin our water, ruin our land and kill our unborn babies! No to U Mining and Milling!
Thu Nov 11, 2010
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN
NR: 10-23
Virginia Energy Resources Inc. (TSX.V:VAE) (the "Company") is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Cormark Securities Inc. and including Bayfront Capital Partners, Ltd. and Dundee Securities Corp. (the "Underwriters") pursuant to which the Underwriters have agreed to purchase 12,500,000 common shares ("Common Shares") of the Company on a bought deal private placement basis at a price of $0.40 per Common Share.
The Underwriters shall also have the option, exercisable prior to the closing of the offering, to purchase up to an additional 1,875,000 Common Shares at the issue price under the offering for additional gross proceeds of up to $750,000.
The Company will pay the Underwriters a cash commission equal to 6.0% of the gross proceeds of the offering and issue broker warrants to acquire up to that number of Common Shares as is equal to 6.0% of the aggregate number of Common Shares issued pursuant to the offering at a price of $0.40 per share for a period of 24 months following the closing date.
Read more:
http://www.santoy.ca/s/NewsReleases.asp?ReportID=427953&_Type=News-Releases&_Title=Virginia-Energy-Resources-Inc.-Announces-5-Million-Bought-Deal-Private-Plac
