| Bionik |
24-08-2011 01:23 AM |
Quote:
Originally Posted by mysoul
(Post 10523460)
oh hehhe... erm kn fikir dlm2 nih :D
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The Virgin Gold Mining Corporation Board of Directors hereby provides advance notice to all shareholders and potential shareholders informing them that the Virgin Gold Convertible Preferred Shares (VGCPS) subscription price will be raised by USD 0.05 each month starting from September 1st to December 1st, 2011.
The new subscription price for VGCPS will therefore be USD 1.15 on September 1st, USD 1.20 on October 1st, USD 1.25 on November 1st and USD 1.30 on December 1st.
The price increase is a result of the overall value of Virgin Gold Mining Corporation and the overwhelming increase in the global price of gold. Since our initial offering of USD 1.00 per VGCPS when the price of gold was only at USD 1,100 - USD 1,200 per ounce, it is a fair higher valuation of VGCPS since the price of gold increase.
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