VR Resources Ltd. (TSXV: VRR) is undertaken a non-brokered private placement for gross proceeds of up to $4,000,000.
VR will use the gross proceeds of the Financing for its mineral exploration business, and more specifically to solidify the company’s plan for continued drilling at its Hecla-Kilmer critical metal discovery in northern Ontario.
The financing is expected to Close on or before September 30, 2022 and is subject to all regulatory approvals including the approval of the TSX Venture Exchange.
The securities issued in connection with this Financing will be subject to a four-month hold period from the date of closing in accordance with applicable securities legislation.
VR is an established junior exploration company focused on greenfields opportunities in copper, gold and critical metals (TSX.V: VRR; Frankfurt: 5VR; OTCQB: VRRCF). VR is the continuance of four years of active exploration in Nevada by a Vancouver-based private company.
The diverse experience and proven track record of its Board in early-stage exploration, discovery and M&A is the foundation of VR. The Company focuses on underexplored, large-footprint mineral systems in the western United States and Canada. VR owns its properties outright and evaluates new opportunities on an ongoing basis, whether by staking or acquisition.
For further information please visit: https://www.vrr.ca/
