CPS Price Kept at USD1.30 per share in January 2012
January 2nd, 2012
The Board of Directors has agreed with the proposition of our Executive Board that the price increment for Virgin Gold Convertible Preferred Shares (VG-CPS) to be temporary suspended for the month of January 2012.
Therefore, VG-CPS price will continue to be offered at USD1.30 per share from the 1st until the 31st of January 2012.
New VG-CPS Offer Price will be:
February 1st 2012 – USD1.35
March 1st 2012 – USD1.40
April 1st 2012 – USD1.45
May 1st 2012 – USD1.50
The Executive Board came to this decision following numerous requests from our shareholders in the last week of December 2011. The Board of Directors unanimously approves our request in an emergency meeting on the 31st of December 2011. I hereby thank all our shareholders for the support and the board of directors for their understanding.
CEO and President
Virgin Gold Mining Corporation