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

KNOX · Price
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)
More from Vault Strategic Mining Corp.
Jul 27, 2026 · 03:05