VR Resources Closes Non-Brokered Flow Through Private Placement
2024年12月28日 - 7:29AM
VR Resources Ltd. (
TSX.V: VRR; FSE: 5VR), (the
“
Company”), or (“
VR”), announces
it has closed the non-brokered flow-through private placement (the
“
FT Financing”) for gross proceeds of $400,000
through the issuance of 8,000,000 units (the “
FT
Units”) at a price of
$0.05 per FT Unit.
Each FT Unit consisting of one Flow Through
common share (“FT Share”) of the Company and
one-half of one non-flow through common share purchase warrant
(each whole warrant a “Warrant”). Each Warrant
entitles the holder to acquire one additional common share
(“Share”) at an exercise price of $0.08 per share
for a period of 18 months from the closing date (“Closing
Date”).
The Company plans to direct the funds
immediately towards drilling planned for January on its copper-
nickel-PGE and copper-gold properties in northwestern Ontario,
namely: the new chargeability anomaly at Silverback, and follow up
drilling to the recently completed Phase 1 drill program at
Westwood on the Empire Project.
Red Cloud Securities Inc. (“Red
Cloud”) acted as a finder in connection with the
Non-Brokered Private Placement. The Company paid a fee of $24,000
and 480,000 Compensation Warrants (“Compensation Warrants”) to Red
Cloud in association with the FT Financing. The Compensation
Warrants will permit the purchase of one common share in the
capital of the Company at a price of $0.05 per common share for a
period of 18 months from closing of the Offering.
Use of Proceeds
The gross proceeds from the sale of the FT Units
will be used by the Company to incur eligible "Canadian exploration
expenses" that will qualify as "critical metals flow-through mining
expenditures" as such terms are defined in the Income Tax
Act (Canada) (the "Qualifying Expenditures"), and are related
to the company's mineral exploration projects in Ontario, Canada,
on or before December 31, 2025, and the Company will renounce all
qualifying expenditures in favour of such subscribers to the
financing effective December 31, 2024.
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). 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.ca
Email: info@vrr.ca
Contact:
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 carry out exploration on its Ontario properties
this winter.
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