Business
VR Announces Upsize of Brokered Private Placement Led by Centurion One Capital to $1,000,000
VR Announces Upsize of Brokered Private Placement Led by Centurion One Capital to
About this update from Vr Resources Ltd.
VANCOUVER, British Columbia - VR Resources Limited ('VR' or the 'Company', TSXV: VRR) is pleased to announce an upsize to its previously announced brokered private placement offering (the 'Offering') 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. 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 the Offering will be offered by way of private placement in each of the provinces of British Columbia , Alberta , Ontario and Quebec , and in jurisdictions outside of Canada and the United States mutually agreed by the Company and the Lead Agent. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States . The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Contact: Dr. Michael H. Gunning Web: www.vrr.ca Email: [email protected] Tel: 778-731-9292 ABOUT VR RESOURCES LTD. VR is an established junior exploration company based in Vancouver . VR evaluates, explores and advances opportunities in copper, gold and critical metals in Nevada, USA , and Ontario, Canada . VR applies modern exploration technologies, in-house experience, and expertise in greenfields exploration to large-footprint systems in underexplored areas/districts. The foundation of VR is the proven track record of its Board in early-stage exploration, discovery and M&A. VR owns its projects outright and evaluates new opportunities on an ongoing basis, whether by staking or acquisition. ABOUT CENTURION ONE CAPITAL Centurion One Capital's mission is to ignite the world's most visionary entrepreneurs to conquer the greatest challenges of tomorrow, fueling their ambitions with transformative capital, unparalleled expertise, and a global network of influential connections. Every interaction is guided by our core values of respect, integrity, commitment, excellence in execution, and uncompromising performance. We make principal investments, drawing on the time-honored principles of merchant banking, where aligned incentives forge enduring partnerships. Centurion One Capital : A superior approach to investment banking. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This news release contains statements that constitute 'forward-looking statements'. Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words 'expects,' 'plans,' 'anticipates,' 'believes,' 'intends,' 'estimates,' 'projects,' 'potential' and similar expressions, or that events or conditions 'will,' 'would,' 'may,' 'could' or 'should' occur. Forward-looking statements in this document include statements concerning the details of the Offering, the proposed Closing Date, TSX Venture Exchange approvals, use of proceeds, and all other statements that are not statements of historical fact. Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature, forward-looking statements involve assumptions, known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward- looking statements. Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with: general economic conditions; adverse industry events; future legislative and regulatory developments in the mining sector; the Company's ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada ; the ability of the Company to implement its business strategies; competition and other assumptions, risks and uncertainties. The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws. (C) 2026 Electronic News Publishing, source ENP Newswire