In a move to further consolidate a larger land holding in the Kirkland Lake camp and increase discovery potential, Queenston Mining Inc. announced a friendly merger with Vault Minerals Inc. in March 2010. The merger was approved by Vault shareholders at a Special Meeting held on April 19, 2010 and Vault shares ceased trading as of that date. Under the terms of the amalgamation Vault shareholders received 1 Queenston share for every 10 Vault shares. Prior to the merger Vault was a junior explorer which traded on the TSX Venture exchange. Vault's properties are well located and significantly increase Queenston's exploration footprint in the camp. As a result of the business combination, Queenston's holdings increase to 29 individual properties covering approximately 190 square km.
Vault Minerals Inc.
36 Prospect Avenue
Kirkland Lake, ON
Canada P2N 2V4
