Armory Mining Closes Oversubscribed Private Placement

Executive Summary

• Armory Mining Corp. closed a non‑brokered private placement, issuing 10,000,001 units at $0.055 per unit for total gross proceeds of $550,000.06.
• Each unit consists of one common share and one transferable warrant allowing purchase of an additional share at $0.085 until Nov 13 2030.
• Proceeds are earmarked for working capital and general corporate purposes; securities are subject to a four‑month hold period expiring Mar 14 2026.

Key Details

• Units Issued: 10,000,001 units at $0.055 per unit.
• Gross Proceeds: $550,000.06.
• Unit Composition: 1 common share + 1 transferable common‑share purchase warrant.
• Warrant Terms: Right to acquire one additional common share at $0.085 per share; exercisable until Nov 13 2030.
• Finder’s Fees Paid: $5,900 (aggregate).
• Use of Proceeds: Working capital and general corporate purposes.
• Hold Period: Four months, expiring March 14 2026, in accordance with Canadian securities laws.

Notable Quotes

(No executive quotes were included in the release.)