KIRKLAND LAKE, ON,
Each Unit will consist of one common share of Vault and one-half of one share purchase warrant. Each whole such share purchase warrant (a "Warrant") will entitle the holder thereof to acquire one additional common share of Vault at an exercise price of
Upon closing, the Agent will receive a cash commission equal to 7% of the gross proceeds raised under the Offering and that number of compensation options (the "Agent's Warrants") equal to 7% of the number of FT Shares and Units sold under the Offering. Each Agent's Warrant will be exercisable for one common share of the Company at a price of
Closing of the Offering is subject to receipt of all necessary regulatory approvals. The securities issued in connection with the Offering will have a hold period expiring four months and one day from the date of closing. The net proceeds will be used to explore the Company's Kirkland Lake gold properties and for general working capital purposes.
About Vault
Vault Minerals Inc. is a Canadian junior gold exploration company active in the world-renowned Kirkland Lake gold camp of northern Ontario. The Company's capital consists of 33,316,093 issued and outstanding common shares which are listed for trading on the TSX Venture Exchange under the symbol 'VMI'. For further information, please contact
On behalf of the Board of VAULT MINERALS INC. signed: "Joseph D. Horne" -------------------------------- 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 statements. "Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
For further information: Joe Horne, President at (902) 402-8266 or visit www.vaultminerals.com
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