Armory Mining Announces Flow-Through Financing

Executive Summary

• Armory Mining Corp. announced a non‑brokered private placement of up to 14,285,714 flow‑through units at $0.07 per unit, targeting gross proceeds of up to $1 million.
• Each FT Unit includes one common share and one warrant to purchase an additional non‑flow‑through common share at $0.09 for three years; finder’s fee warrants may also be issued at $0.07.
• Proceeds will fund eligible Canadian exploration expenses on the Ammo antimony‑gold project in Nova Scotia, subject to a four‑month hold period and CSE approval.

Key Details

• Offering Size: Up to 14,285,714 FT Units (flow‑through units).
• Price per Unit: $0.07 CAD.
• Maximum Gross Proceeds: $1,000,000 CAD.
• Unit Composition:
• 1 common share (flow‑through share).
• 1 transferable warrant to purchase 1 additional non‑flow‑through common share at $0.09 per share for three years from issuance.
• Finder’s Fee Warrants: May be issued; each allows purchase of 1 non‑flow‑through common share at $0.07 per share for three years.
• Use of Proceeds: To incur eligible Canadian exploration expenses qualifying as flow‑through mining expenditures on the Ammo project (Nova Scotia).
• Holding Period: All securities subject to a four‑month hold period under Canadian securities laws and CSE policies.
• Closing Conditions: Completion contingent upon receipt of all required approvals, including CSE approval.

Notable Quotes

(No CEO/President quotes were included in the release.)