Palisades Goldcorp has expanded its equity stake in VR Resources Ltd. by acquiring 5,375,000 common shares and 2,687,500 common share purchase warrants through a private placement that closed on September 16, 2026.

The transaction was executed via a treasury private placement of units at $0.40 per unit for total cash consideration of $2,150,000, differing from previous acquisitions in August 2026 that were conducted through open market purchases on the TSX Venture Exchange at prices ranging from $0.41 to $0.45 per share. Each unit comprises one common share and one-half of one common share purchase warrant, with each whole warrant entitling the holder to acquire a share at $0.65 for a period of two years.

The newly acquired shares represent approximately 8.81% of the 61,039,179 issued and outstanding common shares of VR Resources immediately following the closing. Following the private placement, Palisades holds an aggregate of 8,469,000 common shares and 4,587,500 warrants through its wholly-owned subsidiary Palisades Investments Ltd., representing approximately 13.87% of the issued and outstanding common shares. Assuming the exercise of all held warrants, the holdings would rise to 13,056,500 common shares, or approximately 19.90% on a partially diluted basis.

This compares with a previous holding of 3,094,000 common shares, representing a 7.32% interest before the transaction (or 7.78% prior to the private placement closing as reported following August open market purchases), and 1,900,000 warrants held as of August. The securities are held for investment purposes, and Palisades may alter its investment position at any time based on market conditions.

Palisades is currently trading at $5.28, up 13.06% on September 17, 2026.

Read the full announcement: Palisades Acquires Securities Of VR Resources Ltd.