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Financings

Armory Mining Announces Closing of Flow-Through Financing

By The Northwire Desk — AI Analysis Dec 19, 2025 · 16:05 ARMY · 0.05 Armory Mining Corp.
ARMY · Price

Executive Summary

  • Armory Mining Corp. closed its previously announced non‑brokered private placement, issuing 9,523,643 flow‑through units at $0.07 per unit for gross proceeds of $666,655.01.
  • Proceeds are earmarked for Canadian exploration expenses on the Ammo antimony‑gold project in Nova Scotia.
  • The offering included finder’s fees and warrants; securities are subject to a four‑month hold period expiring 20 April 2026.

Key Details

  • Units Issued: 9,523,643 flow‑through (FT) units at $0.07 each.
  • Gross Proceeds: $666,655.01.
  • Unit Composition: Each FT unit = one common share (flow‑through) + ½ transferable common share purchase warrant.
  • Warrant Terms: Right to purchase an additional non‑flow‑through common share at $0.09 per share; exercisable until 19 December 2028.
  • Use of Proceeds: To incur Canadian exploration expenses (subsection 66.1(6) Tax Act) on the Ammo project, Nova Scotia.
  • Finder’s Compensation: Aggregate finder’s fees of $53,122.40 and issuance of 758,891 finder’s warrants (exercise price $0.07 or $0.09 per share, exercisable until 19 December 2028).
  • Corporate Finance Fee: $2,500 plus tax paid by the Company.
  • Hold Period: All securities subject to a four‑month hold period expiring 20 April 2026 under Canadian securities law.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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