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Name - Virgin Metals Inc
Website -
Symbol - VGM.RT
Cusip Number - 927692 11 1 
Expiry Date - Dec. 1, 2010
News Releases

Virgin Metals rights offering

2010-10-26 21:58 ET - Rights Offering

Basis of offering: one right exercisable for one unit at 20 cents per unit
Record date: Nov. 5, 2010
Shares trade ex rights: Nov. 3, 2010
Rights called for trading: Nov. 3, 2010
Rights trade for cash: Nov. 26, 2010
Rights expire: Dec. 1, 2010
Nov. 26, 2010 -- to settle -- Nov. 29, 2010;
Nov. 29, 2010 -- to settle -- Nov. 30, 2010;
Nov. 30, 2010 -- to settle -- Dec. 1, 2010;
Dec. 1, 2010 -- to settle -- Dec. 1, 2010.
Rights trading symbol: VGM.RT
Rights Cusip No.: 927692 11 1
Authorized jurisdiction(s): Nunavut, Yukon, British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Nova Scotia, New Brunswick, Prince Edward Island, and Newfoundland and Labrador

For further details, please refer to the company's rights offering circular dated Oct. 14, 2010.

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Rights give existing shareholders a chance to proportionately buy shares in the new issue the company is putting out to raise more funds. The certificate showing this privilege is called a right.  It  gives the stockholders the first opportunity,  to buy the new securities.

Rights issue

An offer made by a  company to its shareholders to enable them to buy new shares in the company at a discount to the market price.



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