|
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 28, 2013) - Virginia Energy Resources Inc. (TSX VENTURE:VUI)(OTCQX:VEGYF) ("Virginia Energy" or the "Company") is pleased to announce that it has completed the non-brokered private placement financing announced in a news release dated December 28, 2012. As a result, Virginia Energy expects to issue 24,079,856 common shares for consideration of gross proceeds of $6,398,800 in cash plus 21,851,411 common shares of Energy Fuels Inc. (TSX:EFR) for a total value of $10,113,540. In addition, Graham Moylan, Chief Financial Officer of Energy Fuels, will be appointed as a director of the Company, subject to approval of the TSX Venture Exchange. |
