VR Resources Ltd. announced a non-brokered flow-through private placement issue of 5,000,000 units at a price of CAD 0.18 per unit for gross proceeds of up to CAD 900,000 on September 15, 2022. Each unit will consist of one flow through common share of the company and one-half of a non-flow through common share purchase warrant, with each whole warrant entitling the holder to acquire one additional non-flow through common share of the company at an exercise price of CAD 0.25 per common share for a period of 18 months from the closing date of the transaction. The company may pay up to a 6% cash finder's fee to a party arm's length to company in connection with the transaction.

The closing date for the transaction is expected to occur on or before September 23, 2022. The securities issued in connection with the transaction will be subject to a four-month hold period from the closing date. The transaction is subject to all regulatory approvals, including the approval of the TSX Venture Exchange.