VANCOUVER, British Columbia, Oct. 14, 2022 (GLOBE NEWSWIRE) -- VR Resources Ltd. (TSX.V: VRR; FSE: 5VR; OTCQB: VRRCF) (the “Company” or “VR”) is pleased to announce, further to its news releases dated September 15 and 26, 2022, the second and final closing of the previously announced non-brokered Flow Through private placement (the “FT Financing”). In connection with the second tranche closing of the FT Financing, the Company issued today an additional 1,670,000 FT Units (as defined below). In addition to the FT Financing, the Company recently completed its second and final closing of its non-brokered Hard dollar private placement (the “Hard dollar Financing”, and collectively, the “Financings”) (see NR22-11, NR22-12 and NR22-14 dated August 19, August 30 and September 26, 2022, respectively). The closing of the Financings is in concert with the start-up of the fall drill program to follow-up on the Company’s discovery of high grade REE critical metal mineralization on its Hecla-Kilmer property in northern Ontario (see NR22-15 dated Oct. 12, 2022).
VR COMPLETES FINANCINGS, FOR AGGREGATE GROSS PROCEEDS OF APPROXIMATELY $2.3 MILLION.
Oct 14, 2022
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