VR Resources Announces Closing of Oversubscribed $3.15M Brokered Private Placement Led by Centurion One Capital

Core Viewpoint - VR Resources Limited successfully closed an upsized private placement, raising a total of $3,150,000 through the sale of 19,687,500 units at a price of $0.16 per unit, including an over-allotment option [1][3]. Group 1: Offering Details - The offering was led by Centurion One Capital Corp. as the lead agent and sole bookrunner [2]. - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.20 for 36 months [3]. - The company completed a consolidation of its common shares on a 10:1 basis prior to the offering, affecting the issue and exercise prices [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to exploration planning at the New Boston tungsten-moly-copper-silver project, Bonita copper-gold porphyry project, and Amsel epithermal gold-silver project in Nevada, as well as for marketing and general working capital [5]. - Near-term exploration plans include submitting a drill permit for the New Boston property and executing a contract for a 3D-array DCIP geophysical survey at the Bonita project [7]. Group 3: Additional Agreements - The company has entered into an agreement with ARES Capital Markets Group for investor relations and corporate communications services at a rate of USD$90,000 per month for two months [7][8].