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VR Resources Announces $1.5M Brokered Private Placement Led by Centurion One Capital, Concurrent Share Consolidation, Management Change, and Start-Up of Drill Planning for its New Boston Tungsten-Molybdenum-Copper-Silver porphyry project in Nevada
VANCOUVER, British Columbia, Oct. 20, 2025 (GLOBE NEWSWIRE) -- VR Resources Limited (“...
About this update from Vr Resources Ltd.
[{"type":"text","content":"VR Resources Announces $1.5M Brokered Private Placement Led by Centurion One Capital, Concurrent Share Consolidation, Management Change, and Start-Up of Drill Planning for its New Boston Tungsten-Molybdenum-Copper-Silver porphyry project in Nevada\n\n\n\n VANCOUVER, British Columbia, Oct. 20, 2025 (GLOBE NEWSWIRE) --\n \n VR Resources Limited\n \n (“\n \n VR\n \n ” or the “\n \n Company\n \n ”, TSXV: VRR) is pleased to announce that it has entered into an agreement with Centurion One Capital Corp. (the “\n \n Lead\n \n\n Agent\n \n ”) as lead agent and sole bookrunner in connection with a brokered private placement. The Company initially plans to raise up to $1.5M (the “\n \n Offering\n \n “) through the sale of up to 15M units (“\n \n Units\n \n “) at a post-Consolidation issue price of $0.10 per Unit (the “\n \n Issue\n \n\n Price\n \n ”), on a commercially reasonable efforts basis. Each Unit shall consist of one common share in the capital of the Company (each, a “\n \n Share\n \n ”) and one Share purchase warrant (each, a “\n \n Warrant\n \n ”). Each full Warrant shall entitle the holder thereof to purchase one Share (a “\n \n Warrant Share\n \n ”) at a post-Consolidation price of $0.16 (the “\n \n Exercise Price\n \n ”) for a period of 36 months from the Closing Date (as defined below).\n \n\n\n Use of Proceeds – Planned Exploration, Nevada\n \n .\n \n Use of proceeds of the Offering will be used for upcoming exploration planned at its New Boston tungsten-moly-copper-silver porphyry project and Bonita copper-gold porphyry project in Nevada, and for general working capital purposes.\n \n\n\n Preparation and submission of drill permit for New Boston property: W-Mo-Cu-Ag target at Jeep Mine;\n \n\n Scoping and execution of drill contract for New Boston property;\n \n\n Execution of contract for completion of 3D-arrary DCIP geophysical survey at Bonita project: copper-gold porphyry stock target at Copper Queen\n \n\n\n\n\n It is anticipated that certain insiders of the Company, the Lead Agent and certain affiliates may acquire Units in the Offering in amounts up to approximately 50% of the Offering. Any participation by insiders in the Offering will constitute a \"related party ...