Core Viewpoint - VR Resources Limited is conducting a brokered private placement to raise up to $500,000 through the sale of units, with a concurrent share consolidation planned [2][3]. Group 1: Offering Details - The revised terms of the Offering include an issue price of $0.16 per Unit, which consists of one common share and one purchase warrant [2]. - Each Warrant allows the holder to acquire an additional common share at an exercise price of $0.20 for 36 months from issuance [2]. - The Offering is conditional upon a share consolidation of ten pre-consolidation shares for one post-consolidation share, pending approval from the TSX Venture Exchange [3]. Group 2: Share Consolidation - Currently, the company has 133,443,467 shares outstanding, which will reduce to approximately 13,344,346 shares post-consolidation, excluding shares issued in connection with the Offering [3]. - The consolidation is expected to occur around January 15, 2026 [3]. Group 3: Commission and Closing - A commission of 8% of the cash proceeds from the sale of the Units will be payable to the Lead Agent, along with non-transferable broker warrants equal to 8% of the Units issued [4]. - The Offering is anticipated to close on or around January 16, 2026, subject to necessary approvals [5]. Group 4: Regulatory Compliance - The Units will be offered via private placement in British Columbia, Alberta, and Ontario, and in the U.S. under an exemption from registration requirements [6]. - The securities issued will have a hold period of four months and one day from the Closing Date [5]. Group 5: Company Overview - VR Resources is a junior exploration company based in Vancouver, focusing on copper, gold, and critical metals in Nevada and Ontario [9]. - The company utilizes modern exploration technologies and has a proven track record in early-stage exploration and M&A [9]. Group 6: Lead Agent Overview - Centurion One Capital aims to support visionary entrepreneurs with transformative capital and expertise, emphasizing respect, integrity, and performance [10].
VR Amends Brokered Private Placement Led by Centurion One Capital, amends Consolidation, and Continues Planning towards Exploration on its New Boston and Bonita Porphyry Projects in Nevada in 2026
Globenewswire·2026-01-07 12:30