Virgin Metals Inc. (the “Company“) (TSX VENTURE:VGM) is pleased to announce that further to its press release of March 27, 2014, the shareholders of the Company (“Shareholders“) approved all resolutions brought before them at the special meeting of Shareholders held on April 16, 2014 (the “Meeting“), including: the approval and ratification of a shareholder rights plan (“Shareholder Rights Plan“); the approval and ratification of an advance notice by-law (“By-Law“); and the approval of a share consolidation and name change (“Consolidation and Name Change“), all as set out in the Company’s management information circular dated as of March 17, 2014.
Change of Transfer Agent
Effective April 17, 2014, the Company changed its share transfer agent and registrar to CST Trust Company (“CST“).
All inquiries and correspondence relating to shareholder records, transfer of shares, lost certificates or change of address should be directed to CST as follows:
| CST Trust Company |
| PO Box 700, Station B |
| Montreal, QC H3B 3K3 |
| Phone: 1-800-387-0825 or (416) 682-3860 |
| Email: [email protected] |
| Web: https://www.canstockta.com/ |
Shareholders of the Company should no longer contact TMX Equity Transfer Services in this regard.
Shareholder Rights Plan
In connection with the appointment of CST as transfer agent and registrar, and pursuant to the Company’s press release of April 14, 2014, the Company has entered into the Shareholder Rights Plan with CST dated as of April 16, 2014. The final version of the Shareholder Rights Plan is available on SEDAR www.sedar.com.
Advance Notice By-Law
The By-law will be effective immediately after the Company has received acceptance by the TSX Venture Exchange (“TSXV“). The full text of the By‐Law is available in the Company’s management information circular dated as of March 17, 2014 which has been filed on SEDAR www.sedar.com.
Consolidation and Name Change
Management of the Company will implement the Consolidation and Name Change when deemed appropriate. The Company is preparing all required documentation to implement these changes as soon as deemed advisable. The Consolidation and Name Change will be subject to final approval by the TSXV. A subsequent news release will be issued by the Company to announce the completion of the Consolidation and Name Change.
For more information on the Advance Notice By-Law, the Shareholders Rights Plan, and the Consolidation and Name Change, please refer to the Company’s management information circular filed on SEDAR at www.sedar.com.
About Virgin Metals
Virgin Metals is a junior exploration and development company; its projects include the Los Verdes copper-molybdenum porphyry project in Sonora, northern Mexico which is currently the subject of a pre-feasibility study.
Forward-Looking Statements
This news release contains forward-looking statements. The use of the words “may”, “believe”, “could”, “would”, “might”, or “will be taken”, “occur” or “be achieved” and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The forward-looking statements set forth in this news release are subject to various risks and other factors which could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements.
You should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company disclaims any intention or obligation to update or revise any of the forward-looking statements in this news release, whether as a result of new information, future events or otherwise, or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
