The board of directors has approved the allocation of 10% bonus shares to all newly subscribed CPS-GOLD in September 2012 and 5% bonus shares in October 2012.
For example:
If John subscribes to 10,000 CPS-GOLD in September 2012, he will receive:
10% of 10, 000 = 1, 000 Bonus shares.
If Rafael subscribes to 100,000 CPS-GOLD in October 2012, he will receive:
5% of 100, 000 = 5, 000 Bonus shares.
Bonus shares are similar to Convertible Preferred Shares (CPS-GOLD) with some slight differences. Below describes the attributes of Virgin Gold bonus shares:
1. Enjoy monthly dividend of equal amount similar to CPS-GOLD.
2. Can be converted into normal shares during or before the listing of Virgin Gold, similar to CPS-GOLD.
3. Non-transferable to another shareholder.
4. Not included in Group Bonus calculation.
5. Cannot be unsubscribed.
6. Cannot be used to calculate minimum number of CPS that needs to be maintained in a shareholder’s account.
Rewarding bonus shares is a common corporate practice for corporations that are performing well financially. Rewarding bonus shares to shareholders who subscribes to new CPS is a win-win situation for both Virgin Gold and our shareholders. While the corporation attracts more capital inflow to support its expanding operations, shareholders are rewarded with bonus shares that will contribute to extra dividend and asset appreciation in the long run.
As we move towards the last quarter of the year, we will successively disclose our corporate plan for 2013. There will be a lot of good surprises and news awaiting our shareholders, staffs and partners. For a start, we will be gearing towards greater corporate transparency, financial figures and the possibility of a new investment opportunity.
Thank you for your continuous support.
Kenneth Elinger
CEO – Virgin Gold Mining Corporation
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