VR Resources Announces $1.5M Brokered Private Placement Led by Centurion One Capital, Concurrent Share Consolidation, Management Change, and Start-Up of Drill Planning for its New Boston Tungsten-Molybdenum-Copper-Silver porphyry project in Nevada

Core Points - VR Resources Limited has entered into an agreement with Centurion One Capital Corp. for a brokered private placement aiming to raise up to $1.5 million through the sale of up to 15 million units at a post-Consolidation issue price of $0.10 per unit [1] - Each unit consists of one common share and one share purchase warrant, with the warrant allowing the purchase of one share at a price of $0.16 for 36 months [1] - The proceeds from the offering will be allocated for exploration at the New Boston tungsten-moly-copper-silver project and Bonita copper-gold project in Nevada, as well as for general working capital [2] Offering Details - Insiders of the Company and the Lead Agent may acquire up to approximately 50% of the offering, which will be considered a related party transaction [3] - A commission of 8% will be payable to the Lead Agent on the cash proceeds, along with broker warrants equal to 8% of the units issued [4] - The offering is expected to close around November 14, 2025, subject to necessary approvals and the completion of a share consolidation [5] Share Consolidation - The Company will undergo a consolidation of its shares at a ratio of five pre-consolidation shares to one post-consolidation share, pending approval from the Exchange [8] - Following the consolidation, the Company is expected to have approximately 26,688,695 shares outstanding, excluding shares from the offering [9] - The issue price and exercise price reflect the post-consolidation basis [10] Management Change - Justin Daley has resigned as CEO and President, effective October 20, 2025, with Dr. Michael H. Gunning appointed as the new President and CEO [12]