VR Resources Augments Non-Brokered Private Placement with Flow Through Component
2024年11月4日 - 6:30PM
VR Resources Ltd. (
TSX.V: VRR; FSE: 5VR), (the
“
Company”), or (“
VR”), announces
the augmentation of the non-brokered private placement recently
announced on October 28th, 2024, with a flow-through component of
$200,000 for expected aggregate gross proceeds up to $450,000. The
Company plans to direct the funds immediately into IP geophysics
and reconnaissance drilling this fall at it’s Empire and Silverback
projects in Northern Ontario.
The flow-through component will consist of up to
4,444,444 units (the “FT Units”) at a price
of $0.045 per FT Unit for gross proceeds
of up to $200,000. Each FT Unit consisting of
one Flow Through common share (“FT Share”) of the
Company and one-half of a common share purchase warrant (each
whole warrant a “Warrant”), entitling the
holder to acquire one additional common share at an exercise
price of $0.07 per common share for a
period of 18 months from the closing date (“Closing Date”).
The Company may pay a fee to eligible finders of
up to 6% cash for subscriptions to the Financing.
The Closing Date for the Financing is expected
to be on or about November 30, 2024, and is subject to all
regulatory approvals, including the approval of the TSX Venture
Exchange. The securities issued in connection with this Financing
will be subject to a four-month and a day hold period from the
Closing Date in accordance with applicable securities
legislation.
Use of Proceeds
VR plans to use the gross proceeds of the
Financing for mineral exploration in northern Ontario and for
general working capital for the Company. More specifically, funds
will be directed immediately to commence exploration on the ground
this fall on its newly acquired Empire property and
copper-gold exploration strategy in northern Ontario, an
extension of its KSZ strategy north of Cochrane started in
2018.
The securities to be issued hereunder
will not been registered under the U.S. Securities Act of 1933, as
amended (the “U.S. Securities Act”), or any U.S. state securities
laws, and may not be offered or sold in the “United States” or to
“U.S. persons” (as such terms are defined in Regulation S under the
U.S. Securities Act) without registration under the U.S. Securities
Act and all applicable state securities laws or compliance with an
exemption from such registration.
This press release shall not constitute
an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of the securities in any state in which such
offer, solicitation or sale would be unlawful.
About VR Resources
VR is an established junior exploration company
based in Vancouver (TSX.V: VRR; Frankfurt: 5VR; OTCQB: VRRCF). VR
evaluates, explores and advances large-scale, blue-sky
opportunities in copper, gold and critical metals in Nevada, USA,
and Ontario, Canada, and more recently, Canada’s newest discovery
of a diamond-bearing kimberlite pipe at its Northway project. VR
applies modern exploration technologies and leverages in-house
experience and expertise in greenfields exploration to
large-footprint mineral 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. The Company is
financed for its mineral exploration and corporate obligations. VR
owns its properties outright and evaluates new opportunities on an
ongoing basis, whether by staking or acquisition.
ON BEHALF OF THE BOARD OF DIRECTORS:
“Justin
Daley”_____________________________Justin
Daley, MSc, PGeoPresident & CEO
For general information please use the following:
Website: www.vrr.caEmail: info@vrr.caContact: Justin
Daley, 604-865-5119; e-mail: jdaley@vrr.ca
Forward Looking Statements
This press release contains forward-looking
statements. Forward-looking statements are typically identified by
words such as: believe, expect, anticipate, intend, estimate,
postulate and similar expressions or are those which, by their
nature, refer to future events. Forward looking statements in this
release, for example include but are not limited to: the general
use of proceeds, that the Company will complete the financing; that
the Company will complete the financing; that the Company will
carry out exploration on its Ontario properties this fall.
Although the Company believes that the use of
such statements is reasonable, there can be no assurance that such
statements will prove to be accurate, and actual results and future
events could differ materially from those anticipated in such
statements. The Company cautions investors that any forward-looking
statements by the Company are not guarantees of future performance,
and that actual results may differ materially from those in
forward-looking statements. Trading in the securities of the
Company should be considered highly speculative.
The Company’s public disclosure filings can be accessed via
www.sedar.com and readers are urged to review the materials.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in Policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release
VR Resources (TSXV:VRR)
過去 株価チャート
から 2 2025 まで 3 2025
VR Resources (TSXV:VRR)
過去 株価チャート
から 3 2024 まで 3 2025