VR Resources further increases placement to $2.75M

Executive Summary

• VR Resources Ltd. has upsized its brokered private placement to raise aggregate gross proceeds of $2.75 million.
• The offering involves the issuance of up to 17,187,500 units at a price of 16 cents per unit, led by Centurion One Capital Corp.
• The transaction is conditional upon a 10-for-1 share consolidation, which is expected to be effective on January 15, 2026.

Key Details

• Gross Proceeds: $2.75 million (upsized from previous amount).
• Units Issued: Up to 17,187,500 units.
• Issue Price: 16 cents per unit (post-consolidation basis).
• Lead Agent: Centurion One Capital Corp.
• Over-Allotment Option: The lead agent has an option to sell up to an additional $500,000 in units.
• Unit Composition: Each unit consists of one common share and one common share purchase warrant.
• Warrant Terms:
  • Entitles holder to acquire one additional common share.
  • Exercise Price: 20 cents per share.
  • Duration: 36 months from the date of issuance.
• Share Consolidation:
  • Ratio: 10 pre-consolidation shares for 1 post-consolidation share.
  • Current Shares Outstanding: 133,443,467.
  • Projected Post-Consolidation Shares (excluding offering): Approximately 13,344,346.
  • Effective Date: January 15, 2026.
• Commission: 8% of aggregate cash proceeds payable to the lead agent.
• Broker Warrants: Non-transferable broker warrants equal to 8% of the aggregate number of units issued, exercisable into units identical to the offering, expiring three years from the closing date.
• Closing Date: Expected on or around January 16, 2026.
• Hold Period: Four months and one day from the closing date.
• Jurisdictions: Offered in British Columbia, Alberta, Ontario, the United States (via exemption), and other mutually agreed jurisdictions.

Notable Quotes

• None provided in the text.