Vr Resources Closes Non-Brokered Flow-Through Private Placement FOR Proceeds of $150,000 NR-21-06
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 NON-BROKERED FLOW-THROUGH PRIVATE PLACEMENT FOR PROCEEDS OF $150,000
NR-21-06
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.
February 26, 2021, 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 its previously announced non-brokered flow-through private placement (“Financing”)
consisting of 365,854 flow-through shares (“FT Shares ”) at a price of $0.41 per flow-through share for gross proceeds of
$150,000.14.
In connection with the Financing, the Company paid a cash finders fee of $9,000.00, issued 10,975 finders share purchase
warrants and paid a legal fee of $1,000. The finders warrants are exercisable at $0.55 per common share for a period of 18
months from todays closing.
The securities that were issued under the Financing are subject to a four month hold period under Canadian securities law.
VR will use the net proceeds of the Financing for mineral e xploration on its Hec la-Kilmer property in Ontario. , and more
specifically for a detailed ground-based gravity geophysical survey set to commence next week.
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.
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
About VR Resources
VR is an established junior exploration company focused on greenfields opportunities in copper and precious metals (TSX.V:
VRR; Frankfurt: 5VR; OTCBB: 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 foundation 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.
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 typical ly identified by words such
as: believe, expect, anticipate, intend, estimate, postulate and similar expressions or are thos e which, by their nature, refer
to future events. Forward looking statements in this release, for example include but are not limited to the Company’s plans
to carry out exploration of its properties in Ontario.
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