Vault Strategic Mining Corp Announces Non-Brokered Private Placement

Executive Summary

• Vault Strategic Mining Corp. announced a non‑brokered private placement of up to 2,000,000 units at $0.25 per unit, targeting gross proceeds of up to $500,000.
• Each unit consists of one common share and half of a transferable warrant; the full warrant allows purchase of an additional share at $0.35 for 12 months.
• Net proceeds will be used for exploration activities and general corporate purposes, with a four‑month hold period on the securities.

Key Details

• Units Offered: Up to 2,000,000 units
• Price per Unit: $0.25 (US cents)
• Gross Proceeds Target: Up to $500,000
• Unit Composition: 1 common share + ½ transferable common share purchase warrant
• Warrant Terms:
• Exercise price: $0.35 per share
• Exercise window: 12 months from issuance
• Acceleration clause: If, after the mandatory hold period (4 months + 1 day), the weighted‑average daily trading price reaches or exceeds $0.60 for five consecutive trading days, the company may accelerate expiry; unexercised warrants then expire 30 days after acceleration notice.
• Use of Proceeds: Primarily to fund exploration projects and for general corporate purposes.
• Hold Period: Securities subject to a four‑month and one‑day hold as required by securities legislation.
• Finder’s Fees: Company may pay finder’s fees in accordance with TSX‑V policies.
• Related Party Transaction: Insiders’ participation will be treated as a related‑party transaction under MI 61‑101, relying on exemptions because the fair market value and consideration do not exceed 25 % of market capitalization.
• Regulatory Notices: Securities are not registered under the U.S. Securities Act of 1933; distribution in the United States is restricted.

Notable Quotes

“On behalf of the Board: Vault Strategic Mining Corp. – R. Nick Horsley, President, Chief Executive Officer, Chairman.” (Signature block)