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

Core Viewpoint - Vault Strategic Mining Corp. has successfully closed a non-brokered private placement, raising gross proceeds of $500,000 through the issuance of 2,000,000 units at a price of $0.25 per unit [1] 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 [3] - All securities issued are subject to a hold period of four months and one day, expiring on June 24, 2026, pending final approval from the TSX Venture Exchange [3] Group 2: Warrant Provisions - The warrants include an acceleration provision, allowing the company to accelerate the expiry date if the closing price of its common shares reaches or exceeds $0.60 for five consecutive trading days after the hold period [4] Group 3: Finder's Fees - The company paid finder's fees totaling $12,000 and issued 48,000 non-transferable broker warrants, exercisable at $0.35 per share for twelve months, to Canaccord Genuity Corp. [5]