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VR Announces Further Upsize of Brokered Private Placement Led by Centurion One Capital to $2,750,000
Globenewswire· 2026-01-10 02:33
Core Viewpoint - VR Resources Limited has announced an upsize to its brokered private placement offering, now set to issue up to 17,187,500 units for gross proceeds of $2,750,000 [1][2] Offering Details - Each unit will be priced at $0.16 and will consist of one common share and one common share purchase warrant, with the warrant allowing the purchase of an additional common share at $0.20 for 36 months [2] - The offering is contingent upon a consolidation of shares at a ratio of ten pre-consolidation shares for one post-consolidation share, expected to reduce the outstanding shares from 133,443,467 to approximately 13,344,346 [3] - The offering is expected to close around January 16, 2026, subject to necessary approvals, including from the TSX Venture Exchange [5] Financial Arrangements - A commission of 8% of the cash proceeds will be paid to the lead agent, along with non-transferable broker warrants equal to 8% of the units issued [4] - The securities issued will have a hold period of four months and one day from the closing date [5] Company Overview - VR Resources is a junior exploration company based in Vancouver, focusing on copper, gold, and critical metals in Nevada and Ontario, utilizing modern exploration technologies [9] - The company evaluates and advances opportunities through its own projects and ongoing assessments of new opportunities [9] Lead Agent Information - Centurion One Capital acts as the lead agent for the offering, emphasizing its commitment to supporting visionary entrepreneurs with transformative capital and expertise [10]
VR Upsizes Brokered Private Placement Led by Centurion One Capital to $1,500,000
Globenewswire· 2026-01-09 12:00
Core Viewpoint - VR Resources Limited has announced an increase in its brokered private placement offering due to significant investor demand, raising the total offering to 9,375,000 units for gross proceeds of $1,500,000 [1] Offering Details - Each unit will be priced at $0.16 and will consist of one common share and one common share purchase warrant, with the warrant allowing the purchase of an additional common share at $0.20 for 36 months [2] - The offering is contingent upon a consolidation of the company's shares at a ratio of ten pre-consolidation shares for one post-consolidation share, pending approval from the TSX Venture Exchange [3] - Following the consolidation, the company will have approximately 13,344,346 shares outstanding, excluding shares issued in connection with the offering [3] Agent and Commissions - Centurion One Capital Corp. is acting as the lead agent and will receive an 8% commission on the cash proceeds from the sale of the units, along with broker warrants equal to 8% of the units issued [4] Closing and Conditions - The offering is expected to close around January 16, 2026, subject to necessary approvals, including that of the TSX Venture Exchange [5] - The securities issued will have a hold period of four months and one day from the closing date [5] Jurisdiction and Compliance - The units will be offered via private placement in British Columbia, Alberta, and Ontario, as well as in the United States under an exemption from registration requirements [6]