VR Resources closes non-brokered flow-through private placement raising $400,000 for drilling in Ontario.

From GlobeNewswire: 2024-12-27 17:29:00

VR Resources Ltd. has closed a non-brokered flow-through private placement, raising $400,000 through the issuance of 8,000,000 units at $0.05 per unit. The company plans to use the funds for drilling on its copper-nickel-PGE and copper-gold properties in northwestern Ontario. Red Cloud Securities Inc. acted as a finder in connection with the placement. The gross proceeds will be used for eligible “Canadian exploration expenses” related to the company’s mineral exploration projects in Ontario. The securities issued are not registered under the U.S. Securities Act and may not be offered or sold in the United States without registration or compliance with an exemption.



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