VANCOUVER, British Columbia, Oct. 20, 2025 (GLOBE NEWSWIRE) -- VR Resources Limited ("VR" or the "Company", ("VR" or the "Company", TSXV:VRR) is pleased to announce that it has entered into an agreement with Centurion One Capital Corp. (the "Lead Agent") as lead agent and sole bookrunner in connection with a brokered private placement. The Company initially plans to raise up to $1.5M (the "Offering") through the sale of up to 15M units ("Units") at a post-Consolidation issue price of $0.10 per Unit (the "Issue Price"), on a commercially reasonable efforts basis. Each Unit shall consist of one common share in the capital of the Company (each, a "Share") and one Share purchase warrant (each, a "Warrant"). Each full Warrant shall entitle the holder thereof to purchase one Share (a "Warrant Share") at a post-Consolidation price of $0.16 (the "Exercise Price") for a period of 36 months from the Closing Date (as defined below).

Use of Proceeds, Planned Exploration, Nevada. Use of proceeds of the Offering will be used for upcoming exploration planned at its New Boston tungsten-moly-copper-silver porphyry project and Bonita copper-gold porphyry project in Nevada, and for general working capital purposes.

Preparation and submission of drill permit for New Boston property: W-Mo-Cu-Ag target at Jeep Mine;

Scoping and execution of drill contract for New Boston property;

Execution of contract for completion of 3D-arrary DCIP geophysical survey at Bonita project: copper-gold porphyry stock target at Copper Queen

It is anticipated that certain insiders of the Company, the Lead Agent and certain affiliates may acquire Units in the Offering in amounts up to approximately 50% of the Offering. Any participation by insiders in the Offering will constitute a "related party transaction" as defined under Multilateral Instrument 61101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company expects such participation will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the Units subscribed for by the insiders, nor the consideration for the Units paid by such insiders, is expected to exceed 25% of the Company's market capitalization.

In connection with the Offering, a commission will be payable to the Lead Agent of 8% of the aggregate cash proceeds received from the sale of the Offered Securities (the "Cash Commission") and a number of warrants (the "Broker Warrants") equal to 8% of the aggregate number of Units issued under the Offering in accordance with the policies of the TSX Venture Exchange (the "Exchange").

The Offering is expected to close on or around November 14, 2025, or such other date as agreed upon between the Company and the Lead Agent (the "Closing Date") and the Offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals including the approval of the ...