Dr. Michael Gunning reports
VR EXTENDS BROKERED PRIVATE PLACEMENT LED BY CENTURION ONE CAPITAL, AND CONTINUES PLANNING TOWARDS EXPLORATION ON ITS NEW BOSTON AND BONITA PROJECTS IN NEVADA IN 2026
VR Resources Ltd. has extended to Jan. 18, 2026, the outside date of its proposed offering of up to $1.5-million of units consisting of one common share in the capital of the company and one share purchase warrant on the same terms as described previously in its news release dated Oct. 20, 2025. Centurion One Capital Corp. will act as lead agent and sole bookrunner in connection with offering. In the meantime, planning continues toward an exploration program in 2026 on the company's New Boston and Bonita porphyry projects in Nevada.
In connection with the offering, a commission will be payable to the lead agent of 8 per cent of the aggregate cash proceeds received from the sale of the units and a number of non-transferable broker warrants equal to 8 per cent of the aggregate number of units issued under the offering in accordance with the policies of the TSX Venture Exchange. The broker warrants may be exercised by the lead agent into units with identical terms as the offering and will expire three years from the closing date (defined below).
The offering is now expected to close on or around Jan. 18, 2026, or such other date as agreed upon between the company and the lead agent, and the offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the exchange and the completion of the 1:5 share consolidation (as disclosed previously). The securities to be issued under the offering will have a hold period of four months and one day from the closing date.
The units to be issued under the offering will be offered by way of private placement in each of the provinces of British Columbia, Alberta and Ontario, in the United States pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933, as amended, and in jurisdictions outside of Canada and the United States mutually agreed by the company and the lead agent provided it is understood that no prospectus filing, registration or comparable obligation arises in such other jurisdiction.
About
VR Resources Ltd.
VR is an established junior exploration company based in Vancouver. VR evaluates, explores and advances opportunities in copper, gold and critical metals in Nevada, United States, and Ontario, Canada. VR applies modern exploration technologies, in-house experience and expertise in greenfields exploration to large-footprint systems in underexplored areas/districts. The foundation of VR is the proven record of its board in early-stage exploration, discovery, and M&A (mergers and acquisitions). VR owns its projects outright and evaluates new opportunities on a continuing basis, whether by staking or acquisition.
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