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TSX.V : VMI
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| | Wed Nov 12, 2003
Private Placement Confirmed
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| | Vault Minerals Inc. (VMI:TSX.V). The Company announces that its non-brokered private placement announced October 10, 2003 is 1,999,928 units at $0.35 (each unit consists of one share and one warrant exercisable for a period of one year from closing at $0.45) . The private placement is subject to regulatory approval.
A finders fee of 7% is payable with respect to $125,000 of the placement (500,000 units).
Proceeds from the placement will be used to fund fall/winter exploration programs on its two core mineral projects in Ontario.
The Lebel Gold Project is strategically located in the historic Kirkland Lake Gold camp (see News Release October 9, 2003) and the fall/winter program includes diamond drilling.
The Attawapiskat Diamond Project is a 500 square kilometer, wholly owned land holding in the James Bay Lowlands Diamond area 40 to 70 kilometers southeast of the DeBeers Mining Company's Victor Pipe (see news release September 22, 2003).
Vault Minerals Inc. is based in Vancouver, Canada. Its capital consists of 6,785,540
issued shares and outstanding shares.
For more information contact J. Michael Mackey, President, telehone: 604-687-4456, fax: 604-687-0586, email: vault@shawbiz.ca or visit our website at www.vaultminerals.com
VAULT MINERALS INC.
"J. Michael Mackey"
J. Michael Mackey, President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content this News Release. |
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