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Financings

VR Resources increases private placement to $1.5M

By The Northwire Desk — AI Analysis Jan 09, 2026 · 12:04 VRR · 0.015 VR Resources Ltd.
VRR · Price

Executive Summary

  • VR Resources Ltd. has upsized its brokered private placement to $1.5 million due to significant investor demand, with Centurion One Capital Corp. acting as the lead agent.
  • The offering involves the issuance of up to 9,375,000 units at 16 cents per unit, consisting of one common share and one common share purchase warrant per unit.
  • The transaction is conditional upon a 10-for-1 share consolidation, expected to occur around January 15, 2026, with the offering closing around January 16, 2026.

Key Details

  • Gross Proceeds: $1,500,000 (upsized from previous announcement).
  • Units Issued: Up to 9,375,000 units.
  • Issue Price: 16 cents per unit (on a post-consolidation basis).
  • Lead Agent: Centurion One Capital Corp.
  • Option to Over-Allot: 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): ~13,344,346.
    • Expected Consolidation Date: On or around January 15, 2026.
  • Commission and Broker Warrants:
    • Cash Commission: 8% of aggregate cash proceeds.
    • Broker Warrants: Non-transferable warrants equal to 8% of the aggregate number of units issued.
    • Broker Warrant Exercise: Into units on identical terms to the offering.
    • Broker Warrant Expiry: 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.
  • Conditions: Subject to TSX Venture Exchange approval and completion of the share consolidation.
Read the original news release →

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