Vault Strategic Mining arranges $500K 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, raising gross proceeds of up to $500,000.
• Each unit consists of one common share and one-half of one transferable common share purchase warrant, with an exercise price of $0.35 per share.
• Net proceeds are designated for exploration activities and general corporate purposes, subject to a four-month-and-one-day hold period.

Key Details

• Transaction Structure: Non-brokered private placement of up to 2,000,000 units.
• Price: $0.25 per unit.
• Gross Proceeds: Up to $500,000.
• Unit Composition: Each unit comprises one common share and one-half of one transferable common share purchase warrant.
• Warrant Terms:
  • Each whole warrant entitles the holder to acquire one additional common share.
  • Exercise Price: $0.35 per share.
  • Duration: 12 months from the date of issuance.
  • Condition: Subject to final approval of the TSX Venture Exchange.
• Use of Proceeds: Exploration activities and general corporate purposes.
• Hold Period: All securities issued are subject to a hold period of four months and one day under applicable securities legislation.
• Acceleration Provision: Warrants include an acceleration clause. If the weighted average daily trading price on the Canadian Securities Exchange (or other market) is or exceeds $0.60 for any five consecutive trading days (after the initial 4-month-1-day hold), the company may accelerate the expiry date. Unexercised warrants will expire 30 days from the date of the acceleration notice.
• Regulatory/Insider Participation: Any insider participation constitutes a related party transaction under MI 61-101. The company intends to rely on exemptions from formal valuation and minority approval requirements, as neither the fair market value of securities nor insider consideration will exceed 25% of the company's market capitalization.
• Finders' Fees: The company may pay finders' fees in connection with the placement, in accordance with TSX-V policies.