6-K 1 form6k_6k.htm OCTOBER 17 PRESS RELEASE Converted by EDGARwiz




 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM 6-K


Report of Foreign Private Issuer Pursuant to Rule 13a – 16 or 15d – 16

under the Securities Exchange Act of 1934



For the month of October 2014



Commission File Number: 000-29880



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Virginia Mines Inc.


200-300 St. Paul Street

Quebec City, QC, Canada G1K 7R1



Indicate by check mark whether the  registrant files or will file annual reports under cover of Form 20-F or Form 40-F:



Form 20-F ___ Form 40-F _X_



Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ___


Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ___

 

SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Virginia Mines Inc.



By: //s// Noella Lessard


Name: Noella Lessard

Title: Executive Secretary



Date: October 17, 2014









Press Release

October 17, 2014

 

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PRIVATE PLACEMENT WITH TERRAX MINERALS

 


Virginia Mines Inc. (“Virginia”) (TSX: VGQ) announces that it has subscribed by way of private placement for 714,286 units of TerraX at a price of $0.35 per unit for gross proceeds of $250,000. Each unit consists of one (1) common share of TerraX and one half of one (1/2) share purchase warrant, each whole warrant entitling the holder to purchase one (1) common share of TerraX at a price of $ 0.50 for a period of 36 months.


Following the private placement, Virginia holds the beneficial ownership and control of 9.51% of the outstanding common shares of TerraX. Assuming the exercise of all warrants, Virginia would hold approximately 13.21% of the common shares issued and outstanding of TerraX. The securities were acquired by Virginia for investment purposes.


About Virginia


Virginia conducts its exploration activities over the vast, unexplored territories of Northern Quebec in order to create value for its shareholders while protecting the quality of life for both present and future generations. With a working capital position of $45.9 million as at August 31, 2014, and a large area of mining claims in Quebec North, Virginia is among the most active mining exploration companies in Québec. Strengthened by the discovery of the Éléonore project and more than 20 years expertise on the territory, Virginia’s exploration team is recognized as one of the best in Canada. Virginia also holds a 2.2% to 3.5% royalty in the Éléonore property.


 

FOR MORE INFORMATION, PLEASE CONTACT: André Gaumond, President, or Robin Villeneuve, Chief Financial Officer

 

 

 

 

200-300 St-Paul Street

Quebec, QC G1K 7R1

Canada

info@minesvirginia.com

www.minesvirginia.com

Toll Free.: 800-476-1853

418-694-9832

Fax: 418-694-9120

 

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described from time to time in Virginia's periodic reports filed with the security commissions of Quebec, Ontario and Alberta, and in the annual report on Form 40-F filed with the U.S. Securities and Exchange Commission. Virginia undertakes no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of unanticipated events.