Armory closes $550,000 private placement

Executive Summary

• Armory Mining Corp. closed an oversubscribed non‑brokered private placement of 10,000,001 units at C$0.055 per unit, generating gross proceeds of $550,000.06.
• Each unit includes one common share and one transferable warrant exercisable at C$0.085 per share until 13 Nov 2030.
• Net proceeds will be allocated to working capital and general corporate purposes; securities are subject to a four‑month hold period expiring 14 Mar 2026.

Key Details

• Units Issued: 10,000,001 units (each = 1 common share + 1 warrant).
• Price per Unit: C$0.055 (5.5 cents).
• Gross Proceeds: $550,000.06 CAD.
• Warrant Terms: Right to purchase an additional common share at C$0.085 per share; exercisable until 13 Nov 2030.
• Finder’s Fees Paid: $5,900 CAD to eligible finders.
• Use of Proceeds: Working capital and general corporate purposes.
• Hold Period: Four‑month restriction on all securities issued, expiring 14 Mar 2026 per Canadian securities regulations.

Notable Quotes

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