Virginia Energy Resources Inc. announced a non-brokered private placement of up to 6,500,000 common shares at a price of CAD 0.20 per common share for gross proceeds of up to CAD 1,300,000 on August 26, 2021. The transaction is subject to certain conditions, including, but not limited to, receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The securities issued will be subject to a four-month hold period. The company has paid finder?s fees of up to 3% to certain finders.