Vault Strategic Mining Corp Announces Non-Brokered Private Placement

Core Viewpoint - Vault Strategic Mining Corp. has announced a non-brokered private placement of up to 2,000,000 units at a price of $0.25 per unit, aiming for gross proceeds of up to $500,000 [1][2]. Group 1: Private Placement Details - Each unit consists of one common share and one-half of a transferable common share purchase warrant, with each whole warrant allowing the purchase of an additional common share at an exercise price of $0.35 for twelve months [2]. - The net proceeds from the private placement will be used for exploration activities and general corporate purposes, with potential finders' fees applicable [3]. - All securities issued will be subject to a hold period of four months and one day as per applicable securities legislation [3]. Group 2: Warrant Provisions - The warrants include an acceleration provision, allowing the company to notify warrant holders to exercise their warrants if the weighted average daily trading price exceeds $0.60 for five consecutive trading days [4]. - If the acceleration notice is issued, warrants not exercised within 30 days will expire [4]. Group 3: Insider Participation - Any insider participation in the private placement will be considered a related party transaction, and the company will rely on exemptions from formal valuation and minority approval requirements [5].