VR Resources closes $3.15-million private placement

Executive Summary

• VR Resources Ltd. closed an oversubscribed brokered private placement, raising $3.15 million in gross proceeds from the sale of 19,687,500 units at $0.16 per unit.
• The offering was led by Centurion One Capital Corp. and includes warrants exercisable at $0.20 per share for 36 months.
• Net proceeds will fund exploration planning for Nevada projects (New Boston, Bonita, Amsel), marketing, and general working capital.

Key Details

• Gross Proceeds: $3.15 million.
• Units Sold: 19,687,500 units (including exercise of overallotment option).
• Price Per Unit: $0.16 CAD.
• Lead Agent: Centurion One Capital Corp.
• Warrant Terms: Each unit includes one common share and one common share purchase warrant. Warrants allow purchase of one common share at $0.20 per share for 36 months from closing.
• Use of Proceeds: Exploration planning for New Boston (tungsten-moly-copper-silver), Bonita (copper-gold), and Amsel (gold-silver) projects in Nevada; marketing; and general working capital.
• Near-Term Exploration Plans:
  • Submission of drill permit for New Boston property (Jeep mine target).
  • Scoping for drill contract and program at New Boston.
  • Execution of contract for 3-D-array DCIP geophysical survey at Bonita project (Copper Queen target).
• Share Consolidation: Completed on Jan. 19, 2026, on a 10-for-1 basis. Issue price, exercise price, and securities reflect this consolidation.
• Commissions and Fees:
  • Cash commission paid: $241,760.
  • Corporate finance fee: 1,605,437 units issued.
  • Broker warrants: 1,511,000 non-transferable warrants issued to agent/brokers.
  • Broker Warrant Terms: Entitle holder to acquire a unit at the issue price ($0.16) for 36 months.
  • Corporate Finance Fee Unit Terms: Comprises one common share and one non-transferable warrant exercisable at $0.20 for 36 months.
• Jurisdictions: Offered in BC, Alberta, Quebec, Ontario, and other mutually agreed jurisdictions outside Canada and the US. 800,000 units issued in the US on a non-brokered basis under an exemption from the US Securities Act of 1933.
• Hold Period: Four months plus one day from closing for common shares and warrants.
• New IR Agreement: VR entered into an agreement with Ares Capital Markets Group LLC on Jan. 20, 2026, for a two-month term at $90,000 USD per month for investor relations and corporate communications services.

Notable Quotes

• "We are delighted to successfully close this oversubscribed financing, thankful for the hard work by Centurion as lead, and appreciative of their role as an anchor investor and core shareholder going forward. This capital enables VR to advance exploration planning at the New Boston tungsten-moly-copper-silver porphyry project, Bonita copper-gold porphyry project and Amsel epithermal gold-silver project, all in Nevada, with a focus on unlocking value for shareholders." — Dr. Michael Gunning, CEO