Vault Strategic Mining Corp revises private placement terms
News provided byVault Strategic Mining Corp · 2 min read
Vancouver, British Columbia, Vault Strategic Mining Corp., a North American resource company focused on acquiring and advancing strategic and critical mineral projects, has revised the terms of its non-brokered private placement announced on August 26, 2026. The amended offering now consists of up to 12 million units, with a subscription price of $0.125 per unit, for aggregate gross proceeds of up to $1,500,000.
Each unit will comprise one common share of the company and one transferable common share purchase warrant. Holders of these warrants will have the right to acquire one additional common share at an exercise price of $0.20 for a period of 12 months from the date of issuance. The warrants are subject to an acceleration clause: if, four months and one day after issuance, the volume-weighted average trading price of Vault’s common shares on the TSX Venture Exchange or any other market equals or exceeds $0.30 per share for five consecutive trading days, the company may accelerate the expiry date of the warrants by providing written notice or issuing a news release. Unexercised warrants will then expire 30 days following such notice.
Additionally, the warrants include a restriction that would prevent their exercise if such action would result in the holder, together with any persons acting jointly or in concert, owning 10% or more of the issued and outstanding common shares of Vault immediately following the exercise.
Net proceeds from the private placement will be allocated to funding exploration activities and general corporate purposes. The company may also pay finder’s fees in accordance with the policies of the TSX Venture Exchange.
According to Vault CEO and Director Quinn Field-Dyte, "The amendment to our private placement reflects our commitment to maximizing shareholder value while ensuring the terms are favorable and attractive to potential investors."
The private placement remains subject to the approval of the TSX Venture Exchange. All securities issued pursuant to the placement will be subject to a four-month and one-day statutory hold period in accordance with applicable securities laws.
Vault Strategic Mining Corp. is focused on acquiring and advancing strategic and critical mineral projects in top-tier mining jurisdictions. Investors and stakeholders are encouraged to follow the company on LinkedIn and X, and to subscribe for updates at vaultstrategic.com.
The company trades on the TSX Venture Exchange (TSXV: KNOX), OTC Markets (OTCID: KNXFF), and the Frankfurt Stock Exchange (FSE: M850).