VANCOUVER, British Columbia, Dec. 22, 2025 (GLOBE NEWSWIRE) -- VR Resources Limited ("VR" or the "Company", ("VR" or the "Company", TSXV:VRR) has extended to January 18th, 2026, the outside date of its proposed offering of up to $1.5M (the "Offering") of units ("Units") consisting of one common share in the capital of the Company and one share purchase warrant, on the same terms as described previously in its news release dated October 20, 2025. Centurion One Capital Corp. (the "Lead Agent") will act as lead agent and sole bookrunner in connection with Offering. In the meantime, planning continues towards exploration program in 2026 on the Company's New Boston and Bonita porphyry projects in Nevada.
In connection with the Offering, a commission will be payable to the Lead Agent of 8% of the aggregate cash proceeds received from the sale of the Units and a number of non-transferable broker warrants (the "Broker Warrants") equal to 8% of the aggregate number of Units issued under the Offering in accordance with the policies of the TSX Venture Exchange (the "Exchange"). The Broker Warrants may be exercised by the Lead Agent into Units with identical terms as the Offering and will expire three years from the Closing Date (defined below).
The Offering is now expected to close on or around January 18th, 2026, or such other date as agreed upon between the Company and the Lead Agent (the "Closing Date"), and the Offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals including the approval of the Exchange and the completion of the 5 to 1 share consolidation (as disclosed previously). The securities to be issued under the Offering will have a hold period of four months and one day from the Closing Date.
The Units to be issued under the Offering will be offered by way of private placement in each of ...
