Virgin Metals Inc.: Receives Approval of Share Consolidation
TORONTO, ONTARIO -- (Marketwire) -- 09/17/10 -- Virgin Metals Inc. (TSX VENTURE: VGM) reported today that it has received approval from the TSX Venture Exchange authorizing the consolidation of its common shares on a one (1) for five (5) basis. Effective at the opening September 17, 2010, the shares of Virgin Metals Inc. will commence trading on the TSX Venture Exchange on a consolidated basis. With this consolidation there will be an aggregate of 24,456,036 common shares issued and outstanding.
About Virgin Metals
Virgin Metals is a junior exploration and development company; its projects include two copper-molybdenum porphyry properties in Sonora, northern Mexico. One of these, Los Verdes, is currently the subject of a pre-feasibility study while the other, Cuatro Hermanos, is the focus of ongoing exploration efforts.
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Contacts:
Virgin Metals Inc.
Chris Frostad
(416) 603-8368
www.virginmetals.com