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TSX.V : VMI
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| | Tue Dec 9, 2003
Private Placement Announced
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| | Vancouver, December 9, 2003 Vault Minerals Inc. (the "Company") (VMI-TSZ.V) is pleased to announce a non-brokered private placement financing of up to $3,000,000 consisting of 3,750,000 million units at $0.40 per unit (each unit consists of one share and one share purchase warrant exercisable for a period of two years from closing at $0.50) and 3,750,000 flow through shares at $0.40 per share. A finders fee may be payable on funds raised.
The Company will use the proceeds from the placement to fund winter exploration programs on two core mineral projects in Ontario.
The Lebel Gold Project is strategically located in the historic Kirkland Lake Gold camp. The winter program is currently underway.
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. A winterized camp is in place and work will commence shortly.
Vault Minerals Inc. is based in Vancouver, Canada. Its issued and outstanding capitalization, at this date, is 8,785,468 shares.
For more information contact J. Michael Mackey, President/CEO, Tel (604) 222-4971 and Fax (604) 687-0586, email vault@shawbiz.ca and visit our website at www.vaultminerals.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. |
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| | You can view the Next Press Releases item: Fri Dec 19, 2003, Private Placement Cancelled
You can view the Previous Press Releases item: Mon Dec 1, 2003, Drilling Commences At Lebel Gold Project, Kirkland Lake, Ontario
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