Armory Mining Announces Private Placement

Executive Summary

• Armory Mining Corp. announced a non‑brokered private placement of up to 9,090,000 units at $0.055 per unit, targeting gross proceeds of up to $500,000.
• Each unit consists of one common share and one transferable warrant allowing purchase of an additional share at $0.085 for five years.
• Proceeds are earmarked for working capital and general corporate purposes; all securities will be subject to a four‑month hold period under CSE rules.

Key Details

• Units Offered: Up to 9,090,000 units.
• Unit Price: $0.055 per unit.
• Gross Proceeds Target: Up to $500,000.
• Composition of Each Unit:
• 1 common share of Armory Mining Corp.
• 1 transferable common share purchase warrant.
• Warrant Terms: Right to purchase one additional common share at $0.085 per share; exercisable for five years from issuance.
• Use of Proceeds: Working capital and general corporate purposes.
• Hold Period: Four‑month hold period in accordance with Canadian securities laws and CSE policies.
• Offering Type: Non‑brokered private placement (no underwriting).

Notable Quotes

(No executive quotes were included in the release.)