QUEBEC CITY, QUEBEC--(Marketwired - Apr 5, 2013) - Virginia Mines Inc. ("Virginia") (VGQ.TO) was awarded the "Community Involvement - IBR-QCA Company" during the 6th Annual Stock Company Gala that was held in Quebec City on April 3, 2013.
This award recognizes the importance of a public company's involvement in the community. This is the second time Virginia has been recognized, in less than two months, for its social and environmental involvement.
Virginia is proud of its reputation as a leader in exploration and sustainable development. Virginia generates significant economic benefits for the surrounding communities. The "Community Involvement" prize particularly emphasized Virginia's participation in the pilot project BNQ 21000, which established standards for sustainable development in Quebec, as well as its participation in funding for the Department of Geology at Laval University and its contribution to the Fonds Restor-Action Nunavik and Fonds Restor-Action Cri whose mission is to restore mining sites in Northern Quebec that have been abandoned for decades.
(VGQ.TO) Virginia conducts its exploration activities over the vast, unexplored territories of Northern Quebec in order to create value for its shareholders while protecting the quality of life for both present and future generations. With a working capital position of $40.3 million as at November 30, 2012, and a large area of mining claims in Quebec North, Virginia is among the most active mining exploration companies in Québec. Strengthened by the discovery of the Éléonore project and more than 15 years expertise on the territory, Virginia's exploration team is recognized as one of the best in Canada. Virginia also holds a 2.2% to 3.5% royalty in the Éléonore property.
This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described from time to time in Virginia's periodic reports filed with the security commissions of Quebec, Ontario and Alberta, and in the annual report on Form 40-F filed with the U.S. Securities and Exchange Commission. Virginia undertakes no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of unanticipated events.