How does this PP stack up?Would love opinion from knowlegable finance guys or gals. Thinking of doubling my position today. VANCOUVER, British Columbia, Nov. 29, 2021 (GLOBE NEWSWIRE) -- VR Resources Ltd. (TSX.V: VRR; FSE: 5VR; OTCQB: VRRCF), the (Company), or (VR), announces a non-brokered flow-through private placement for $1 million. The non-brokered flow-through private placement (“Financing”) will consist of up to 2,631,579 flow-through shares (“FT Shares”) at a price of $0.38 per FT Share for gross proceeds of $1,000,000. (current PPS $0.285)
The Company will pay a 6% cash finders fee and will issue 6% finders warrants exercisable at $0.50 per warrant share for a period of 18 months from the closing date.
VR will use the gross proceeds of the Financing for mineral exploration on its Hecla-Kilmer property in northern Ontario, and more specifically for a drill program anticipated for this upcoming winter, 2022, to follow-up on results from the second reconnaissance drill program completed this past fall, as summarized in the recent news release NR-21-22 dated November 16, 2021.
Closing Date of the Financing is expected to occur on or before December 3, 2021 and is subject to all regulatory approvals including the approval of the TSX Venture Exchange. The securities issued in connection with this Financing will be subject to a four-month hold period from the date of closing in accordance with applicable securities legislation."
VR announces $1 million non-brokered flow-through private (globenewswire.com)
b.