The Prospector News

VR Resources Closes $7.5M Private Placement

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

VR Resources Closes $7.5M Private Placement

VR Resources Limited (TSX-V: VRR) is pleased to announce the successful closing of a non-brokered, strategic-level private placement of units of the Company. A total of 18,750,000 Units were sold under the Offering at a price of $0.40 per Unit for aggregate gross proceeds of $7,500,000.

Dr. Michael Gunning, Chief Executive Officer of the Company commented: “We are pleased to have successfully closed this financing and are appreciative of the continued support of our shareholders. We are excited to have this capital in order to immediately start the planning process for a drill program at our New Boston tungsten-moly-copper-silver polymetallic porphyry project in Nevada this fall, with a focus on following up on the recently announced intersection in drill hole NB26-003, and the goal of unlocking further value for shareholders in the near-term.”

Each Unit consists of one common share of the Company and one-half of one Common Share purchase warrant. Each Warrant entitles the holder thereof to purchase one Common Share at a price of $0.65 for a period of 24 months from the date of closing of the Offering.

Proceeds of the Offering are intended to be used for follow-up exploration diamond drilling planned for this fall on its New Boston moly-copper-tungsten-silver porphyry project in Nevada, marketing, and general corporate and administrative expenses. In connection with the private placement and pursuant to the terms of an Agency Agreement dated April 24, 2026, the Company paid an aggregate cash fee of $506,000 to Centurion One Capital Corp. in connection which certain subscriptions.

 

The Common Shares and Warrants issued pursuant to the Offering and any Common Shares issued upon the exercise of Warrants are subject to a hold period of four months plus one day from the Closing Date.

 

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

 

ON BEHALF OF THE BOARD OF DIRECTORS

Dr. Michael H. Gunning
President & CEO

 

For general information please use the following:

Website www.vrr.ca
Email: info@vrr.ca
Phone: 778-731-9292

 

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, USA, 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 track record of its Board in early-stage exploration, discovery and M&A. VR owns its projects outright and evaluates new opportunities on an ongoing basis, whether by staking or acquisition.

Posted September 17, 2026

Share this news article

MORE or "UNCATEGORIZED"


Peruvian Metals Provides Corporate Update on Production, New Tailings Results and the Process to Re-Instate the OTCQB Listing

Peruvian Metals Corp (TSX-V: PER) (OTC Pink: DUVNF) is pleased to... READ MORE

November 6, 2026

Doubleview Announces Closing of Upsized Flow-Through Private Placement

Doubleview Gold Corp. (TSX-V: DBG) (OTCQX: DBLVF) (WKN: A1W038) i... READ MORE

November 6, 2026

Pecoy Copper Announces Closing of Strategic Financing

Pecoy Copper Corp. (TSX-V: PCU) (FSE: D5E) (OTCQX: PCUUF) is plea... READ MORE

November 6, 2026

Imperial Reports Third Quarter 2026 Financial Results

Imperial Metals Corporation (TSX:III) reports financial results f... READ MORE

November 6, 2026

IAMGOLD Reports Third Quarter 2026 Results

IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) reported its financial... READ MORE

November 6, 2026

Copyright 2026 The Prospector News