KIRKLAND LAKE, ON, Sept. 24 /CNW/ - Vault Minerals Inc. (TSX-V: VMI)
("Vault" or "the Company") has granted an aggregate of 300,000 incentive stock
options to certain of its directors, pursuant to the terms of the Company's
stock option plan and subject to regulatory approval. The options, which vest
over 21 months, are exercisable at a price of $0.35 per share until
September 24, 2012 and the common shares issuable upon exercise of the options
will be subject to a statutory four-month hold period from the date of grant.
Vault Minerals Inc. is a Canadian junior exploration company engaged in
gold and base metal exploration in Ontario. Its principal properties include
the Kirkland Lake and Lebel gold properties in Kirkland Lake and the
Percy Lake VMS base metal property north of Sault Ste. Marie. The Company's
capital consists of 28,651,093 issued and outstanding common shares which are
listed for trading on the TSX Venture Exchange under the symbol 'VMI'.
On behalf of the Board of
VAULT MINERALS INC.
Joseph D. Horne
President & CEO
This Press Release may contain forward-looking statements that involve
inherent risks and uncertainties. Actual events or results could differ
materially from the Company's forward-looking statements and expectations, and
the Company disclaims any obligation to update these forward-looking
"The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release."
For further information:
For further information: please visit our website at
www.vaultminerals.com or contact Joe Horne, President, or Dan McCormack,
P.Geo, Vice President at (705) 567-4511