The shares were issued to Sunrise as part of a sale agreement with VRR signed last year, with another 250,000 shares due in the event VRR completes a 43-101 compliant mineral resource estimate for the project.
READ: Sunrise Resources to gain new shares in VR Resources as preparation begins for drilling at Junction project
Following the latest share issue, Sunrise now holds 100,000 shares in VRR.
The company also holds a 3% net smelter return royalty interest in the original 15 claims sold to VRR as part of the project, in addition to any additional claims staked in a two-mile radius by VRR.
VRR began preparations for drilling at the site in early November after receiving final approvals for drill permits at the project.
In early trading Tuesday, Sunrise shares were steady around 0.1p.
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