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Virginia Mines closes a US$2.5 million private placement led by Laurentian Bank Securities

Fasken
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Laurentian Bank Securities Inc.

On November 16, 2012, Virginia Mines Inc. (“Virginia Mines”) closed a private placement led by Laurentian Bank Securities Inc. (“Laurentian”). The financing raised aggregate gross proceeds of approximately $2.5 million in exchange for the issuance of 142,857 flow-through common shares. Proceeds of the financing will be used to fund further exploration work on Virginia Mines’ numerous projects in the unexplored territories of Northern Quebec. Laurentian was advised on this matter by Fasken Martineau with a team comprised of John Sabetti and Laura Fetter (Corporate/Securities), Mitchell Thaw (Tax) and Jesse Bertollo and Robert Iaccino (Students-at Law).

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