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Virginia Mines Inc.: Closing of the $2.5 M Flow-Through-Share Private Placement
Published : November 16, 2012
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QUÉBEC CITY, QUÉBEC--(Marketwire - Nov. 16, 2012) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.

Virginia Mines Inc. ("Virginia") (News - Market indicators) confirms the closing of the private placement announced on October 26, 2012, which consisted of the issue of 142,857 flow-through common shares ("Flow-Through Shares") at a price of $17.50 per share, which represents a 71% premium to the 10-day volume weighted average trading price of the common shares of Virginia on the Toronto Stock Exchange for the period ending November 15, 2012, resulting in gross proceeds of CA$2,499,997.50. Laurentian Bank Securities Inc. acted as the agent for the offering and was paid a cash fee equal to 6% of the gross proceeds.

The Flow-Through Shares are subject to a four-month hold period in Canada.

Proceeds from the offering will be used to fund exploration work on Virginia's numerous projects.

THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

About Virginia

(News - Market indicators) 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 $40.5 million as at August 31, 2012, 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 15 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.

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.



Andre Gaumond
President
800-476-1853
418-694-9832
418-694-9120 (FAX)
or
Robin Villeneuve
CFO
800-476-1853
418-694-9832
418-694-9120 (FAX)
info@minesvirginia.com
www.minesvirginia.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All
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Virginia Mines Inc.

DEVELOPMENT STAGE
CODE : VGQ.TO
ISIN : CA9278641084
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Corporate Presentations of Virginia Mines Inc.
12/31/2007Virginia Mines' presentation
Annual reports of Virginia Mines Inc.
2007 Annual Report
Financings of Virginia Mines Inc.
2/11/2014UPDATE ON THE CA$7M FLOW-THROUGH-SHARE PRIVATE PLACEMENT
1/28/2014to complete a CA$7M flow-through-share private placement
5/9/2013Option to acquire a NSR royalty and Private Placement with T...
3/20/2013Closing of a $6 M flow-through share private placement
3/4/2013to complete a $5M flow-through share private placement
12/13/2012to Complete a Non-Brokered $2 M Flow-Through Common Share Pr...
11/16/2012Closing of the $2.5 M Flow-Through-Share Private Placement
10/26/2012to Complete a $2.5 M Flow-Through-Share Private Placement
5/8/2012to Complete a $2.9 M Flow-Through-Share Private Placement
2/23/2012Closing of a $5,000,000 Flow-Through Share Private Placement
9/28/2011Closing of a $3M bought deal flow-through private placement
9/27/2011Closing of a $3.0 M Bouth Deal Flow-Through Private Placemen...
9/9/2011to Complete a $3 M Bought Deal Flow-Through Share Private Pl...
6/28/2011Closing of a $3.0 M Flow-Through Common Share Private Placem...
2/28/2011Closing of a $2.5 M Flow-Through Common Share Private Placem...
2/7/2011to complete a $2.5 M flow-through common share private place...
12/11/2009Closes an Additional CA $1.27 M Flow-Through Private Financi...
Option Grants of Virginia Mines Inc.
1/18/2011Virginia Grants 163,750 Stock Options
7/10/2009Grants 142,750 Stock Options
1/15/2009grants 139,750 stock options
7/15/2008grants 150,250 stock options
7/16/2007grants 127 000 stock options
Nominations of Virginia Mines Inc.
6/16/2008appoints Robin Villeneuve as Chief Financial Officer
Financials of Virginia Mines Inc.
10/14/2011announces the second quarter financial results of the curren...
1/13/2010releases its financial results for the third quarter
10/13/2009 Financial results for the second quarter ended august 31, 2...
Project news of Virginia Mines Inc.
2/3/2014Major Development for the Coulon Project
1/23/2014Update on the =C9l=E9onore Project
5/8/2013(Lac Pau)Update on drilling campaigns at Wabamisk and Lac Pau
10/30/2012New Results on the Wabamisk Project
4/12/2012(Fci)FCI Project: Virginia Enters Into Agreement With Komet Manuf...
12/1/2011(Ashuanipi)Ashuanipi Project - Virginia enters into agreement with Angl...
12/1/2011(Ashuanipi)Ashuanipi Project: Virginia Enters Into Agreement With Anglo...
11/17/2011(Eleonore)on Virginia's Gold Projects in James Bay: Eleonore Reaches a...
6/22/2011(Lac Pau)Signing of a CA$6 Million Agreement With IAMGOLD on the Lac ...
6/8/2011(Lac Gayot Project)Signing of a CA$10 Million Agreement With Quadra FNX on the ...
4/19/2011(Opinaca)Acquires Ressources D'Arianne's Majority Interests in the Ja...
3/14/2011(Bay Paine)Baie Payne Nickel/Copper Project: Virginia Enters Into Agree...
3/3/2011(Bay Paine)acquires Osisko Mining Corporation's interest in the the Bai...
3/3/2001(Eleonore)Update on the Eleonore project
11/24/2010(Lg-4)enters into agreement on the LG-4 project
11/24/2010(Lg-4)Enters Into Agreement on the Projet LG-4
9/22/2010(Bay Paine)AND SHIELD GOLD SIGN A $1 M AGREEMENT ON LA GRANDE NORD
5/27/2009(Dieppe)to Sell its Dieppe Property to Agnico Eagle Mines
5/11/2009(Assinica)Signing of a CA$2,500,000 Agreement With MacDonald Mines Exp...
4/14/2009(Coulon Jv)nitial Mineral Resource Estimate
4/6/2009(Eleonore)Receive its First Advance Payment of US$100,000
2/24/2009(Eleonore)ELEONORE GOLD DEPOSIT ROYALTY
12/11/2008(Coulon Jv)to acquire a 100% interest in the Coulon JV property
1/16/2008(Coulon Jv)Coulon JV Project: Lens 08 Blossoms
10/10/2007(Coulon Jv)Lens 44 returns 6.95% Zn, 1.51% Cu and 34.28 g/t Ag / 26.8m ...
9/5/2007(Coulon Jv)COULON PROJECT NEW SURFACE DISCOVERY
French Corporate News of Virginia Mines Inc.
5/18/2011Mise =E0 jour sur les campagnes de forages de l'hiver 2011 =...
4/19/2011acquiert la majorit=E9 des int=E9r=EAts de Ressources D'Aria...
Corporate news of Virginia Mines Inc.
11/5/2013Discovers a New Gold-Bearing Corridor at Wabamisk and New Ta...
7/30/2013Announces Grant of Stock Options
7/9/2013Announces a Strategic Alliance With Altius Minerals Corporat...
5/3/2013at Metals & Minerals Conference – New York May 13 & 14
4/29/2013/Coulon Project-Extension of Lens 257 Returns the Best-to-Da...
4/4/2013TerraX Announces a Private Placement and a Royalty Option Ag...
1/15/2013Grants 175,750 Stock Options
11/30/2012moves to a new location
9/5/2012Discovery of A New Gold System on the Wabamisk Project
7/13/2012Grants 207,250 Stock Options
7/4/2012Announces a Strategic Alliance with Altius Minerals Corporat...
6/27/2012Announces a Strategic Alliance with KGHM International Ltd.
6/20/2012invites you to its Annual Meeting and Information Session
6/19/2012Plans an Exploration Budget of Over CA$20 Million for 2012
5/30/2012New Discovery on the Coulon Project With 11.06% Zn, 1.87% Cu...
4/5/2012Enters Into Agreement With Exploration Khalkos Inc. on the M...
1/23/2012Beginning of several drilling programs in James Bay & New LB...
1/20/2012D=E9but de plusieurs campagnes de forages =E0 la Baie-James ...
1/19/2012Beginning of Several Drilling Programs in James Bay, Planned...
1/13/2012Grants 169,750 Stock Options
12/1/2011(Ashuanipi)Projet Ashuanipi - Virginia signe une entente avec Anglo Ame...
11/25/2011The Virginia Team Again Rewarded by the Mining Industry
9/27/2011Cl=F4ture d'un placement priv=E9 =E0 prise ferme de 3 M $ en...
9/9/2011Placement priv=E9 =E0 prise ferme de 3 M $ en actions accr=E...
7/15/2011Grants 159,250 Stock Options
6/23/2011Annual Meeting and Information Session
6/23/2011Assembl=E9e annuelle et r=E9union d'information
6/15/2011pr=E9voit un budget d'exploration de 17 M $ pour l'ann=E9e 2...
6/13/2011Placement priv=E9 =E0 prise ferme de 3 M $ en actions accr=E...
5/18/2011UPDATE ON WINTER 2011 DRILLING PROGRAMS IN JAMES BAY
4/19/2011Acquires Ressources D'Arianne's Majority Interests in the Ja...
1/19/2011on exploration work and beginning of several drilling progra...
9/1/2010Signing of a strategic alliance with Wemindji Exploration
3/22/2010New York presentation and webcast
11/18/2009Begins its Drilling Programs in James Bay
9/2/2009Obtains Significant New Gold Results in the James Bay Region
6/10/2009to Spend Over CA $8.5 Million in Exploration Work in 2009
6/3/2009Commence Work in the Grenville Geological Province
5/28/2009Enter Into a CA$4 M Agreement on the FCI Project
4/21/2009Finalizes the Sale of Two Properties
4/6/2009Premier paiement de 100 000 $ US sur la propri=E9t=E9 =C9l=E...
1/15/2009octroie 139 750 options d'achat d'actions
10/15/2008publie son bilan financier au 31 ao=FBt 2008
10/15/2008VIRGINIA RELEASES ITS FINANCIAL STATEMENTS AND MD&A AS AT AU...
8/25/2008nouvelles recommandations d'analystes
8/25/2008New Analysts' recommendations
6/17/2008 UPDATE ON RESULTS FROM EXPLORATION ON GOLD PROJECTS IN JAME...
3/19/2008Coulon JV Project: Lens 08 Confirmed at Depth
2/13/2008 to spend $30 million in exploration work in 2008
9/20/2007Canadian Royalties and Azimut contribute $250,000 for the...
8/29/2007sells its Apple property to Strateco for 3.25 million shares
8/24/2007Reports Investment in Canadian Asset Backed Securities
8/23/2007Signing of a CA$10 Million Agreement with Breakwater Resourc...
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TORONTO (VGQ.TO)OTHER OTC (VGMNF)
11.56-1.45%10.41-0.95%
TORONTO
CA$ 11.56
10/24 11:32 -0.170
-1.45%
Prev close Open
11.73 11.61
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Year l/h YTD var.
11.08 -  14.01 -0.345%
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10.39 -  14.01 8.95%
Volume 1 month var.
3,495 -11.08%
24hGold TrendPower© : -38
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