TORONTO, ONTARIO--(Marketwire - Sept. 17, 2012) - Virgin Metals Inc. (TSX VENTURE:VGM) is pleased to announce that the TSX Venture Exchange has approved an extension in the expiry date of 4,659,504 warrants (the "Warrants") exercisable at $0.25 to December 6, 2012 (the "Warrant Extension").
The 3,057,004 warrants originally scheduled to expire on October 18, 2012 and the 1,602,500 warrants originally scheduled to expire on November 12, 2012 will now all expire on December 6, 2012.
The Warrant Extension was proposed in order to align the Warrants' expiry with those issued under the company's 2010 Rights Offering also expiring on December 6, 2012.
About Virgin Metals
Virgin Metals is a junior exploration and development company; its projects include two copper-molybdenum porphyry properties in Sonora, northern Mexico. One of these, Los Verdes, is currently the subject of a pre-feasibility study while the other, Cuatro Hermanos, is the focus of ongoing exploration efforts.
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