VR Resources Ltd. announced a non-brokered private placement of up to 3,333,333 units at a price of CAD 0.15 per unit for the gross proceeds of CAD 500,000 on March 14, 2024. Each unit consists of one common share and one half of one share purchase warrant. Each warrant entitles the holder to acquire one additional common share at an exercise price of CAD 0.20 per common share, for a period of 18 months from the closing date of the financing.

In accordance with the policies of the TSX Venture Exchange, the company may pay a finder?s fee of up to a 6% cash for subscriptions to the financing. The transaction is expected to be on or before April 12, 2024, and is subject to all regulatory approvals, including the approval of the Exchange. The securities issued in connection with this financing will be subject to a hold period of four months plus one day from the Closing Date, in accordance with applicable securities legislation.

Certain insiders of the company may participate in the financing.