VR Resources amends financing, rollback terms

Executive Summary

• VR Resources Ltd. has amended the terms of its brokered private placement led by Centurion One Capital Corp., increasing the expected aggregate gross proceeds to up to $500,000.
• The offering involves the sale of units at 16 cents each, consisting of one common share and one warrant per unit, with the warrant exercisable at 20 cents for 36 months.
• The financing is conditional upon a 10-for-1 share consolidation, which is expected to occur around January 15, 2026, reducing the outstanding share count from approximately 133.4 million to 13.3 million.

Key Details

• Gross Proceeds: Up to $500,000.
• Issue Price: 16 cents per unit (post-consolidation basis).
• Unit Composition: Each unit consists of one common share and one common share purchase warrant.
• Warrant Terms:
  • Exercise Price: 20 cents per share.
  • Duration: 36 months from the date of issuance.
  • Right: Entitles holder to acquire one additional common share.
• Share Consolidation:
  • Ratio: 10 pre-consolidation shares for 1 post-consolidation share.
  • Current Shares Outstanding: 133,443,467.
  • Post-Consolidation Shares Outstanding (excluding offering): Approximately 13,344,346 (prior to rounding of fractional shares).
  • Expected Consolidation Date: On or around January 15, 2026.
• Agent Compensation:
  • Cash Commission: 8% of aggregate cash proceeds received.
  • Broker Warrants: Non-transferable warrants equal to 8% of the aggregate number of units issued.
  • Broker Warrant Terms: Exercisable into units with identical terms to the offering; expire 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 approval of the TSX Venture Exchange and other customary conditions.

Notable Quotes

• None provided in the text.