Virgin Metals Inc.
TSX VENTURE : VGM

Virgin Metals Inc.

March 10, 2011 17:21 ET

Virgin Metals Inc.: Employee Stock Options Issued

TORONTO, ONTARIO--(Marketwire - March 10, 2011) - The Board of Directors of Virgin Metals Inc. (the "Company" or "Virgin") (TSX VENTURE:VGM) has approved the issuance of a total of 455,000 options to certain of its management and staff pursuant to its stock option plan. The options are exercisable at a price of $0.39, are subject to agreed vesting schedules and expire in three years.

About the Company

Virgin 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.

Contact Information

  • Virgin Metals Inc.
    Chris Frostad
    President and Chief Executive Officer
    (416) 306-0990
    www.virginmetals.com