On March 21, 2017, Roll-Up Capital Corp ("Roll-Up"), a then TSX Venture Exchange listed capital pools company, acquired all of the outstanding shares of Renntiger Resources Limited by way of plan of arrangement in exchange for shares of Roll-Up. On closing, Renntiger became a wholly owned subsidiary of Roll-Up. The transaction constituted Roll-Up's qualifying transaction under TSXV policies. In conjunction with closing of the transaction, Roll-Up changed its name to VR Resources Limited. VR Resources has an aggregate of 35,405,225 common shares outstanding, 7,357,848 warrants and 3, 616,666 stock options and the value of the transaction is CDN$8-million.
On February 9, 2017, Renntiger closed a private placement financing for aggregate gross proceeds of approximately CDN$4.4-million that was co-led by GMP Securities L.P. and PI Financial Corp.
VR Resources is a junior mineral exploration company that engages in the evaluation, acquisition and exploration of mineral exploration properties in the United States.
Gowling WLG advised Renntiger with a team led by Cyndi Laval that included Yong-Jae Kim, Stefan McConnell and Garrett Lee (M&A and corporate commercial), A. Brent Kerr (tax) and Jonathan Ross (advocacy).