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VR Announces $500k Non-Brokered Financing to Bolster Treasury and Budget for Planned Upcoming Drill Program at New Boston Polymetallic Porphyry Copper System in Nevada
(TheNewswire) March 14, 2024 – TheNewswire - Vancouver, B.C. - VR Resour...
About this update from Vr Resources Ltd.
[{"type":"text","content":"VR Announces $500k Non-Brokered Financing to Bolster Treasury and Budget for Planned Upcoming Drill Program at New Boston Polymetallic Porphyry Copper System in Nevada\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n March 14, 2024\n \n \n –\n \n \n TheNewswire -\n \n \n Vancouver, B.C. - VR Resources Ltd\n \n \n .\n \n \n (\n \n \n TSXV:VRR\n \n \n )\n \n \n ;\n \n \n (\n \n \n FSE:5VR\n \n \n )\n \n \n ;\n \n \n (\n \n \n OTC:VRRCF\n \n \n ), (the\n“\n \n \n Company\n \n \n ”\n \n or “\n \n VR\n \n ”)\n \n , announces a non-brokered private\nplacement for\n \n \n $500,000\n \n \n (the “\n \n \n Financing\n \n \n ”).\n \n \n \n \n The Financing will consist of up to 3,333,333 units\n(the “\n \n \n Units\n \n \n ”) at a price of\n \n \n $0.15\n \n \n per Unit for gross proceeds of up to\n \n \n $500,000\n \n \n .  Each Unit will consist of one common share (\n \n \n “Common Share”\n \n \n )\nof the Company, and one-half of one Common Share purchase warrant\n(each whole Common Share purchase warrant, a “\n \n \n Warrant\n \n \n ”). Each\nWarrant entitles the holder to acquire one additional Common Share at\nan exercise price of\n \n \n $0.20\n \n \n per Common Share, for a period of 18\nmonths from the closing date (“\n \n \n Closing Date\n \n \n ”) of the Financing.\n \n \n \n \n In accordance with the policies of the TSX Venture\nExchange (the “\n \n \n Exchange\n \n \n ”), the Company may pay a finder’s\nfee of up to a 6% cash for subscriptions to the Financing.\n \n \n \n \n The Closing Date is expected to be on or before April\n12\n \n \n \n \n , 2024, and is\nsubject to all regulatory approvals, including the approval of the\nExchange.  The securities issued in connection with this Financing\nwill be subject to a hold period of four months plus one day from the\nClosing Date, in accordance with applicable securities\nlegislation.\n \n \n \n \n Certain insiders of the Company may participate in the\nFinancing. The issuance of Units to insiders of the Company pursuant\nto the Financing will be considered related party transactions within\nthe meaning of TSX Venture Exchange Policy 5.9 and Multilateral\nInstrument 61-101 –\n \n \n Protection of Minority Security Holders in Special\nTr...