05:56:36 EDT Sun 19 Apr 2026
Enter Symbol
or Name
USA
CA



VR Resources Ltd (2)
Symbol VRR
Shares Issued 34,637,279
Close 2026-04-16 C$ 0.29
Market Cap C$ 10,044,811
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VR Resources increases private placement to $1-million

2026-04-17 11:29 ET - News Release

Dr. Michael Gunning reports

VR ANNOUNCES UPSIZE OF BROKERED PRIVATE PLACEMENT LED BY CENTURION ONE CAPITAL TO $1,000,000

VR Resources Ltd. has upsized its previously announced brokered private placement offering (see press release dated April 6, 2026) in response to strong investor demand. As a result of the upsize, the company now proposes to issue up to an aggregate of four million units for aggregate gross proceeds of up to $1-million. In addition, Centurion One Capital Corp., as lead agent and sole bookrunner, maintains an option exercisable, in whole or in part, at the sole discretion of the lead agent, to sell up to an additional two million units for additional gross proceeds of $500,000.

As previously disclosed, each unit will be offered at an issue price of 25 cents and will consist of one common share in the capital of the company and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share at an exercise price of 30 cents for a period of 36 months from the closing date (as defined below).

Proceeds of the offering will be used for the planned upcoming diamond drill program at the company's New Boston tungsten-molybdenum-copper-silver porphyry project in Nevada, marketing and general corporate expenses.

The offering is expected to close on or before April 30, 2026, or such other date as agreed upon between the company and the lead agent. The offering, including the upsize, is subject to receipt of all necessary approvals including the approval of the TSX Venture Exchange. 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, Ontario and Quebec, and in jurisdictions outside of Canada and the United States mutually agreed by the company and the lead agent.

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 acquistions). VR owns its projects outright and evaluates new opportunities on a continuing basis, whether by staking or acquisition.

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