VR announces $1 million non-brokered flow-through private placement NR-21-23
VR RESOURCES LTD.
1750 - 700 West Pender St.
Vancouver, BC, Canada, V6C 1G8
Tel: 604-262-1104; [email protected]
TSX.V: VRR; www.vrr.ca
VR announces $1 million non-brokered flow-through private placement
NR-21-23
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.
November 29, 2021, Vancouver, B.C.: VR Resources Ltd . (TSX.V: VRR; FSE: 5VR; OTCQ B: VRRCF), the (Company), or (VR) ,
announces a non- brokered flow- through private placement for $1 million . The non- brokered flow -through private
placement (“Financing”) will consist of up to 2,631,579 flow-through shares (“FT Shares ”) at a price of $0.38 per FT Share
for gross proceeds of $1,000,000.
The Company will pay a 6% cash finders fee and will issue 6% finders warrants exercisable at $0.50 per warrant share for a
period of 18 months from the closing date.
VR will use the gross proceeds of the Financing for mineral exploration on its Hecla -Kilmer property in northern Ontario,
and more specifically for a drill program anticipated for this upcoming winter, 2022, to follow-up on results from the second
reconnaissance drill program completed this past fall, as summarized in the recent news release NR-21-22 dated November
16, 2021.
Closing Date of the Financing is expected to occur on or before December 3, 2021 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.
The securities have not been regis tered under the U.S. Securities Act of 1933, as amended (the “ U.S. Securities Act”), or
any U.S. state securities laws, and may not be offered or sold in the “United States” or to “U.S. persons” (as such terms
are defined in Regulation S under the U.S. Securities Act) without registration under the U.S. Securities Act and all
applicable state securities laws or compliance with an exemption from such registration. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in
which such offer, solicitation or sale would be unlawful.
About VR Resources
VR is an established junior exploration company focused on greenfields opportunities in copper and gold (TSX.V: VRR;
Frankfurt: 5VR; OTCQB: VRRCF). VR is the continuance of 4 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 f oundation of VR. The Company focuses on underexplored, large -footprint mineral systems in the western
United States and Canada, and is well financed for its exploration strategies and corporate obligations. VR owns its
properties outright, and evaluates new opportunities on an ongoing basis, whether by staking or acquisition.
ON BEHALF OF THE BOARD OF DIRECTORS:
“Michael H. Gunning”
_____________________________
Dr. Michael H. Gunning, PhD, PGeo
President & CEO
For general information please use the following:
Website: www.vrr.ca
Email: [email protected]
Phone: 604-262-1104
Contact: Mike Gunning 604-262-1104
VR RESOURCES LTD.
1750 - 700 West Pender St.
Vancouver, BC, Canada, V6C 1G8
Tel: 604-262-1104; [email protected]
TSX.V: VRR; www.vrr.ca
Forward Looking Statements
This press release contains forward- looking statements. Forward -looking statements are typically identified by words such as:
believe, expect, anticipate, intend, estimate, postulate and similar expressions or are those which, by their nature, refer t o future
events. Forward-looking statements in this release, for example include but are not limited to: the general use of proceeds, that
the Company will complete the financing; that the Company will carry out exploration on its Ontario property.
Although the Company believes that the use of such statements is reasonable, there can be no assurance that such statements will
prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. The
Company cautions investors that any forward-looking statements by the Company are not guarantees of future performance, and
that actual results may differ materially from those in forward-looking statements. Trading in the securities of the Company should
be considered highly speculative.
All of the Company’s public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in Policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release