VANCOUVER, British Columbia, April 17, 2026 (GLOBE NEWSWIRE) -- VR Resources Limited ("VR" or the "Company", ("VR" or the "Company", TSXV:VRR) is pleased to announce an upsize to its previously announced brokered private placement offering (the "Offering") (see press release dated April 6, 2026) in response to strong investor demand. As a result of the upsize, the Company now proposes to issue up to an aggregate of 4,000,000 units (the "Units) for aggregate gross proceeds of up to $1,000,000. In addition, Centurion One Capital Corp. (the "Lead Agent"), as lead agent and sole bookrunner, maintains an option exercisable, in whole or in part, at the sole discretion of the Lead Agent, to sell up to an additional 2,000,000 Units for additional gross proceeds of $500,000.
As previously disclosed, each Unit will be offered at an issue price of $0.25 and will consist of one common share in the capital of the Company (each a "Common Share") 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 $0.30 for a period of 36 months from the Closing Date (as defined below).
Proceeds of the Offering will be used for the planned upcoming diamond drill program at the Company's New Boston tungsten-moly-copper-silver porphyry project in Nevada, marketing, and general corporate expenses.
The Offering is expected to close on or before April 30, 2026, or such other date as agreed upon between the Company and the Lead Agent (the "Closing Date"). The Offering, including the upsize, is subject to receipt of all necessary approvals including the approval of the TSX Venture Exchange. 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 ...
