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TSX.V : VMI
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| | Mon Jul 25, 2005
Vault Grants Incentive Stock Options
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| | Kirkland Lake, Ontario. Vault Minerals Inc. (TSX-V: VMI) has granted, subject to regulatory approval, an aggregate of 1,075,000 incentive stock options to five Directors and a Senior Officer of the Company.
At the Annual and Special Meeting of Shareholders held on June 24, 2005, disinterested shareholders approved an amendment to the Company's Stock Option Plan that reserved 2,964,093 shares for issuance.
The options, which vest over 21 months, are exercisable at a price of $0.15 per share for a period of five years expiring July 25, 2010. The common shares issuable upon exercise of the options will be subject to a four-month hold period from the date of grant.
About Vault
Vault Minerals Inc. is an Ontario-based, junior natural resource company involved in exploration for gold and diamonds in northeastern Ontario. The Company's current focus is the undeveloped Kirkland Gold property which lies immediately adjacent to the historic Lake Shore and Wright-Hargreaves mines which collectively produced over 13 million ounces at a mining grade of approximately 0.50 oz/ton. Its Attawapiskat diamond property is currently optioned to Diadem Resources Ltd. and its Lebel gold property is currently under option to Placer Dome (CLA) Limited. The Company's capital consists of 16,820,468 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.
"Joe Horne"
Joseph D. Horne
President & CEO
For additional information, please visit our website at www.vaultminerals.com or contact:
Joe Horne, President, or
Dan McCormack, Vice President
21 Goodfish Road, Kirkland Lake
Ontario, Canada, P2N 3H7
Phone (705) 567 4511
Fax (705) 567 6873
Email info@vaultminerals.com
"The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release." |
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| | You can view the Next Press Releases item: Tue Sep 6, 2005, Vault Uncovers Historic High-Grade Gold Drill Intercepts and Occurrences on Kirkland Gold Property
You can view the Previous Press Releases item: Tue Jul 19, 2005, Annual Meeting & Corporate Update
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