VR Resources - CEO, Dr. Michael Gunning.
CEO, Dr. Michael Gunning.
Source: VR Resources.
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  • VR Resources (VRR) has announced a C$1 million non-brokered flow-through private placement
  • It will use the proceeds for mineral exploration on its Hecla-Kilmer property in northern Ontario
  • Drilling is scheduled for winter 2022 to follow up on last fall’s reconnaissance drilling program
  • VR is an established junior exploration company focused on greenfield opportunities in copper and gold in Canada and the U.S.
  • VR Resources (VRR) is down by 1.67 per cent and is currently trading at $0.295 per share

VR Resources (VRR) has announced a C$1 million non-brokered flow-through private placement.

The company will offer up to 2,631,579 flow-through shares priced at $0.38 per share.

It will use the proceeds for mineral exploration on its Hecla-Kilmer property in northern Ontario, including a drill program scheduled for winter 2022 to follow up on results from the second reconnaissance drill program completed in the fall.

The financing is expected to close on or before December 3, 2021.

VR is an established junior exploration company focused on greenfield opportunities in
copper and gold. It favours underexplored, large-footprint mineral systems in Canada and the western United States.

VR Resources (VRR) is down by 1.67 per cent and is currently trading at $0.295 per share as of 9:49 am EST.

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