Vr Resources Closes First Tranche of Private Placement FOR Gross Proceeds of $650,000 NR-19-07
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 RESOURCES CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT FOR GROSS
PROCEEDS OF $650,000
NR-19-07
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.
May 16, 2019, Vancouver, B.C.: VR Resources Ltd . (TSX.V: VRR; FSE: 5VR; OTCBB: VRRCF) (the “Company” or
“VR”) is pleased to announce that it has closed the first tranche of the non-brokered private placement detailed
in a news release dated May 10, 2019. The first tranche closing consists of 4,333,334 flow-through common
shares issued at a price of $0.15 per flow-through common share for gross proceeds of $650,000.
The securities that were issued under the flow -through private placement (the Financing) are subject to a four
month hold period under Canadian securities law expiring on September 17, 2019.
In connection with the Financing , the Company paid cash fee s of $30,000 and issued 200,000 finder warrants
exercisable at $0.25 per warrant share for a period of 18 months from the closing date.
Use of proceeds from the Financing will be for exploration of the Ranoke property located in the Province of
Ontario. Three separate, low-cost but high impact geophysical and geochemical surveys are planned for this
spring and summer, as described in the recent news release on the Ranoke Property on April 9th, 2019.
The securities have not been registered 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
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: Michael Gunning 604-262-1104
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
to future events. Forward looking statements in this release, for example include but are not limited to the Company plans
to carry out exploration surveys on its Ranoke property this spring and summer.
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
Although the Company believes that the use of such statements is reasonable, there can be no assuranc e 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