Virgin Metals announces that further to its press release of May 2, 2014, the Company is awaiting final approval from the TSX Venture Exchange for the consolidation of the fully paid and issued common shares of the Company on the basis of one (1) post-consolidation common share for each ten (10) pre-consolidation common shares issued and outstanding. The Company is also awaiting final approval from the TSXV of its name [...]
Virgin Metals announces that further to its press release of April 17, 2014, management of the Company has decided to implement the consolidation of the fully paid and issued common shares of the Company on the basis of one (1) post-consolidation common share for each ten (10) pre-consolidation common shares issued and outstanding as approved by the shareholders of the Company at the special meeting of Shareholders held [...]
Results of Special Shareholder Meeting Virgin Metals is pleased to announce that further to its press release of March 27, 2014, the shareholders of the Company approved all resolutions brought before them at the special meeting of Shareholders held on April 16, including: the approval and ratification of a shareholder rights plan; the approval and ratification of an advance notice by-law ("By-Law"); and the approval of a [...]
Virgin Metals announces that further to its press release of March 27, 2014, the Company has entered into a shareholder rights plan with CST Trust Company dated as of April 16, 2014. The Plan was approved by the board of directors of the Company on March 17, 2014, and will be placed before shareholders for ratification at the next special meeting of the Shareholders scheduled for April 16, 2014. If the resolution adopting [...]
Virgin is today providing an update regarding its upcoming special meeting on April 16, 2014. The Company has determined to extend the proxy submission deadline to Tuesday April 15, 2014 at 12:00 Noon. The background to today's announcement relates to a voting agreement dated September 21, 2011 (the "Voting Agreement") entered into by two parties (the "Parties") and the Company. Pursuant to the Voting Agreement, the [...]
Virgin Metals is pleased to announce that its board of directors has approved and adopted an advance notice by-law. The By-law sets a deadline by which shareholders of the Company must submit a notice of director nominations to the Company prior to any annual or special meeting of shareholders and sets forth the information that a shareholder must include in the notice to the Company for it to be valid.
Virgin Metals announces that further to its press release of March 6, 2014, the Company has closed its non-brokered private placement of 7,500,000 common shares at a price of $0.05 per Common Share for aggregate gross proceeds of up to $375,000. The first tranche of the placement of 7,500,000 Common Shares for gross proceeds of $375,000 will constitute the complete Private Placement; the Company will not proceed with an [...]
Virgin Metals is pleased to announce that it has closed, subject to TSX Venture Exchange approval, the first tranche of a non-brokered private placement of 7,500,000 common shares at a price of $0.05 per Common Share for aggregate gross proceeds of $375,000 (the "Private Placement"). Certain subscribers to the Private Placement were non-arm's length parties.
Virgin Metals announced today the sale of their Cuatro Hermanos project in Sonora Mexico to Insumos Y Fertilizantes Agricolas Sacramento S.A. De C.V. a privately held corporation with head office in Culiacan, Sinaloa, Mexico. The project was purchased for $1,500,000 in cash payable immediately upon the close of the transaction. The transaction has been approved by the TSX Venture Exchange. "We are very pleased with the [...]
Virgin Metals is pleased to announce the addition of Mr. Mark Selby as Director of the Company effective immediately. Mr. Selby brings considerable experience in both corporate finance and mergers & acquisitions. Mr. Selby has more than twenty years experience in corporate finance and corporate development. He has held senior roles with Inco Ltd., QuadraFNX and Purolator Courier and is currently Senior Vice-President of [...]
Virgin Metals is pleased to announce the addition of Mr. Ram Ramachandran, C.A., as Director of the Company effective immediately. Following several years with the Ontario Securities Commission as deputy Director and Associate Chief Accountant, Mr. Ramachandran served as a Principal at the National Office of a large international accounting firm in Toronto. He is currently Chief Financial Officer with Purepoint Uranium [...]
Virgin Metals announced today that Chris Berlet has resigned as a director of the Company. The Company thanks Mr. Berlet for his commitment and significant past contributions.