VR Closes $1 Million Private Placement and Receives $200K OJEP Grant to Confirm Funding for Follow-Up Drilling Planned for This Winter at Hecla-Kilmer

VANCOUVER, British Columbia, Dec. 01, 2021 (GLOBE NEWSWIRE) — VR Resources Ltd. (TSX.V: VRR; FSE: 5VR; OTCQB: 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 2,631,579 flow-through shares (“FT Shares”) at a price of $0.38 per flow-through share for gross proceeds of $1,000,000. In connection with the Financing, the Company paid a cash finders fee of $60,000.00, issued 157,894 finders share purchase warrants exercisable at $0.50 per warrant 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. Use of proceeds will be for exploration on the Company’s Hecla-Kilmer property in northern Ontario. Read More