Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Mason Hill Enters Virginia Mines With 12% Stake

Mason Hill Advisors, Virginia Mines: Mason Hill Advisors recently disclosed initiating a passive position in Virginia Mines Inc. (TSE:VGQ). In a filing with the SEC, Mason Hill reported ownership of around 4.04 million shares of Virginia Mines, which have an aggregate value of $40.88 million (42.4 million CAD). The position represents 12.28% of the company. In its latest 13F, Mason Hill did not mention holding shares of Virginia Mines.

virginia mines

Virginia Mines is engaged in the purchasing and exploration of mining properties. In September the company signed a strategic alliance with Altius Minerals Corporation for the exploration of geological settings for various types of mineralization in the Labrador Trough. In May, the company acquired a royalty on the Northbelt gold property from TerraX Minerals Inc. for $2 million in stock. The royalty contains 121 mining leases, the company said in a statement.

Disclosure: none

Recommended Reading:

Carlo Cannell Owns 14% of Hooper Holmes

Eric Sprott Takes Activist Stakes in Two Canadian Miners: Veris Gold & Atna Resources

Chuck Royce Unloads Some Shares of This Restaurant Franchiser

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!