The only Vericolor I have experience with was Vericolor II, which was ISO 80. If the camera was between frame 3 and 4 when you opened it, most likely #3 is toast (even in a dim room), but #1 and #2 may be salvageable. #4 is most likely also fogged, but #5 and later may be okay. You can expect some loss of speed from aging of the film, probably one to two stops, which might make it difficult to get adequate exposures.

Bad news is, I think original Vericolor was a C-22 process film (Vericolor II was C-41), which means you won't be able to get it processed at a reasonable cost, except by souping it in B&W chemicals to develop the silver image (and doing so commonly loses about one additional stop of speed). If you're interested in the found images that might be on the first two frames, by all means finish the roll and try to find someone who can process 70 mm film (116 is 70 mm wide, about 3/8 inch wider than 120).

Do try to save the backing paper and spools, at least, as you can obtain 70 mm unperforated film and reload the paper to use modern film in your six-16 Brownie Special. There are also a number of articles on the web about adapting 116 cameras to use 120 film.