Virginia Energy Resources Inc. completes C$5.75 million offering

Date Closed: 12/13/2010

Value: C$5.75 million

Virginia Energy Resources Inc. completed an offering of 14,375,000 common shares on December 13, 2010 for gross proceeds of $5,750,000.

BLG acted for the underwriters who were led by Cormark Securities Inc. and included BayFront Capital Partners, Ltd. and Dundee Securities Corp. with a team led by Philippe Tardif and included Paul Simon, Andrew Bunston and Jeffrey Spiegel.