VANCOUVER, British Columbia, Jan. 09, 2026 (GLOBE NEWSWIRE) -- VR Resources Limited ("VR" or the "Company", ("VR" or the "Company", TSXV:VRR) is pleased to announce a further upsize to its previously announced brokered private placement offering (the "Offering"). Pursuant to the upsize, the Company will now issue up to 17,187,500 units (the "Units) for aggregate gross proceeds of $2,750,000. Centurion One Capital Corp. (the "Lead Agent") is acting as lead agent and sole bookrunner and maintains an option exercisable, in whole or in part, at the sole discretion of the Lead Agent, to sell up to $500,000 in additional Units pursuant to the Offering.
As previously disclosed, each Unit will be offered at an issue price of $0.16 and will consist of one common share in the authorized share structure of the Company (each a "Common Share") of the Company and one Common Share purchase warrant (each a "Warrant"). Each Warrant will entitle the holder to acquire one additional Common Share at an exercise price of $0.20 for a period of 36 months from the date of issuance.
The Offering remains conditional upon completion of a consolidation of its issued and outstanding common shares which will be completed on a basis of ten (10) pre-consolidation common shares for one (1) post-consolidation common share (the "Consolidation"), subject to approval of the TSX Venture Exchange (the "Exchange"). The Company currently has 133,443,467 shares issued and outstanding, and it is anticipated that immediately following the Consolidation, excluding Shares to be issued in connection with the Offering, the Company will have approximately 13,344,346 shares issued and outstanding, prior to rounding of fractional Shares. The Consolidation will be effective on January 15, 2026. The issue price, warrant exercise price, and securities issuable pursuant to the Offering are disclosed on a post-Consolidation basis.
In connection with the Offering, a commission is 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 non-transferable Broker Warrants may be exercised by the Lead Agent ...
