(TheNewswire)
May 31, 2024 – TheNewswire - Vancouver, B.C. - VRResources Ltd. (TSXV: VRR ) , ( FSE:5VR ) ; ( OTCQB: VRRCF),( the " Company ", or“ VR ”), announces that further to the Company’s news releasesof March 11, 2024, and April 26, 2024, wherein the Company announcedthat it had entered into a definitive agreement with Neotech MetalsCorp. (“ Neotech ”)effective March 8, 2024 (the “ Agreement ”), and subsequently amended onApril 23, 2024 (the “ Amendment Letter ” and collectively the“ AmendedAgreement ”), pursuant to which the Companyagreed to sell to Neotech its 100% interest in the Hecla-Kilmer REEmineral property located in Ontario (the “ Transaction ”), theCompany wishes to advise it has received shareholder approval at itsExtraordinary General Meeting (the “ EGM ”) held today,May 31, 2024, with 99.7% of the votes cast at the EGM in favour of theTransaction.
The Company will now proceed to file for finalacceptance of the Transaction by the TSX Venture Exchange, and uponreceipt complete the Transaction with Neotech as outlined in theAmended Agreement.
About VR Resources
VR is an established junior exploration company basedin Vancouver (TSX.V: VRR; Frankfurt: 5VR; OTCQB: VRRCF). VR evaluates,explores and advances large-scale, blue-sky opportunities in copper,gold and critical metals in Nevada, USA, and Ontario, Canada. TheCompany has also made Canada’s newest diamond discovery in northernOntario, and controls a new field of kimberlite targets around it. VRapplies modern exploration technologies and leverages in-houseexperience and expertise in greenfields exploration to large-footprintmineral systems in underexplored areas/districts. The foundation of VRis the proven track record of its Board in early-stage exploration,discovery and M&A. The Company is well-financed for its mineralexploration and corporate obligations. VR owns its properties outrightand evaluates new opportunities on an ongoing basis, whether bystaking or acquisition.
ON BEHALF OF THE BOARD OF DIRECTORS :
“Michael H. Gunning”
____________________________
Dr. Michael H. Gunning, PhD, PGeo
President & CEO
For general information please use the following:
Website: www.vrr.ca
Email: info@vrr.ca
Phone: 778-731-9292
Forward Looking Statements
This news release containsstatements that constitute "forward-looking statements". Such forward looking statements involve known and unknown risks,uncertainties and other factors that may cause the Company’s actualresults, performance or achievements, or developments in the industryto differ materially from the anticipated results, performance orachievements expressed or implied by such forward-looking statements.Forward-looking statements are statements that are not historicalfacts and are generally, but not always, identified by the words"expects," "plans," "anticipates,""believes," "intends," "estimates,""projects," "potential" and similar expressions,or that events or conditions "will," "would,""may," "could" or "should" occur. Forward-looking statements in this document include statementsconcerning the closing of theTransaction, and all other statements that are not historical innature. Although the Companybelieves the forward-looking information contained in this newsrelease is reasonable based on information available on the datehereof, by their nature forward-looking statements involveassumptions, known and unknown risks, uncertainties and other factorswhich may cause our actual results, performance or achievements, orother future events, to be materially different from any futureresults, performance or achievements expressed or implied by suchforward-looking statements.
Examples of such assumptions, risksand uncertainties include, without limitation, assumptions, risks anduncertainties associated with general economic conditions; adverseindustry events; future legislative and regulatory developments in themining sector; the Company ’ s ability to accesssufficient capital from internal and external sources, and/orinability to access sufficient capital on favorable terms; miningindustry and markets in Canada and generally; the ability of theCompany to implement its business strategies; competition; and otherassumptions, risks and uncertainties.
The forward-looking informationcontained in this news release represents the expectations of theCompany as of the date of this news release and, accordingly, issubject to change after such date. Readers should not place undueimportance on forward-looking information and should not rely uponthis information as of any other date. While the company may elect to,it does not undertake to update this information at any particulartime except as required in accordance with applicable laws.
This news release may also containstatements and/or information with respect to mineral propertiesand/or deposits which are adjacent to and/or potentially similar tothe Company’s mineral properties, but which the Company has nointerest in nor rights to explore. Readers are cautioned that mineraldeposits on similar properties are not necessarily indicative ofmineral deposits on the Company’s properties.
Trading in the securities of theCompany should be considered highly speculative. All of theCompany’s public disclosure filings may be accessed via www.sedarplus.ca and readers are urged to reviewthem.
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in Policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release
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