03:32 PM EST - Virginia Mines Inc. : announced that it has entered into an Earn-In Option and Joint Venture Agreement with Komet Manufacturers Inc., whereby Komet has the option to acquire a 50% undivided interest in the mining claims comprising the FCI Property located in the James Bay area, Province of Quebec, in consideration of the issuance to Virginia of 25,000 shares of Komet and $4,000,000 in exploration work to be carried out over a six-year period. Komet reserves the right to accelerate such expenses at its sole discretion. Virginia Mines Inc.
shares T.VGQ are trading up $0.10 at $9.25.
