VR Resources Ltd. (TSXV:VRR) announced a non-brokered private placement of up to 5,000,000 units at a price of CAD 0.30 per unit for gross proceeds of up to CAD 1,500,000 on January 15, 2021. Each unit consists of one common share and one-half of a common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share at an exercise price of CAD 0.45 per share for a period of 18 months from the date of closing. All securities to be issued in the transaction are subject to a four-month statutory hold period. The transaction may include participation from certain insiders of the company. The company may pay a commission of 6% of the value of select proceeds raised under the Financing, specifically excluding any funds raised from insiders. The transaction is expected to close on or around February 5, 2021, and is subject to all regulatory approvals including the approval of the TSX Venture Exchange.