Vault Strategic Mining Corp Announces Closing Of Non-Brokered Private Placement

Executive Summary

• Vault Strategic Mining Corp. closed its previously announced non‑brokered private placement of up to 2,000,000 units at $0.25 per unit, generating gross proceeds of $500,000.
• Each unit consists of one common share and half of a transferable warrant; the warrants allow purchase of additional shares at $0.35 for twelve months.
• Net proceeds are earmarked for exploration activities and general corporate purposes; securities are subject to a four‑month hold period ending 24 June 2026.

Key Details

• Placement Size: Up to 2,000,000 units
• Unit Price: $0.25 per unit
• Gross Proceeds: $500,000 (gross)
• Composition of Unit: 1 common share + ½ transferable common share purchase warrant
• Warrant Terms: Exercise price $0.35 per share; exercisable for 12 months from issuance; acceleration provision if share price ≥ $0.60 for five consecutive trading days after the hold period, allowing the company to accelerate expiry by at least 30 days via notice.
• Hold Period: Four months and one day (expires 24 June 2026) as required by securities legislation.
• Use of Proceeds: Allocation toward exploration activities and general corporate purposes.
• Finder’s Fees Paid: $12,000 to Canaccord Genuity Corp.
• Broker Warrants Issued: 48,000 non‑transferable broker warrants at $0.35 exercise price for a twelve‑month term, issued to Canaccord Genuity Corp.

Notable Quotes

“R. Nick Horsley – President, Chief Executive Officer, Chairman” (signature block)