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TSX.V : VMI
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| | Thu Aug 12, 2004
Grant of Options
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| | KIRKLAND LAKE, Ontario - August 12, 2004 - Vault Minerals Inc. (TSX Venture
Exchange:VMI) (the "Company" or "Vault") announces that it has granted 1,075,000 incentive options at $0.10 per share pursuant to the Company's new stock option plan that was approved by shareholders on June 25, 2004. The options are for a term of 2 years, expiring on August 12, 2006.
Among the Insiders of the Company, the 3 Directors, Andy Chater, Joe Horne and Dan McCormack were each granted 250,000 options and the Chief Financial Officer, Kathy Reid, was granted 175,000 options. The remaining options were granted to service providers to the Company.
Vault Minerals Inc. is a junior natural resource company involved in exploration for gold and diamonds in Ontario. Its shares trade on the TSX Venture Exchange under the symbol "VMI". The Company owns the 60-claim Lebel gold property, situated in the heart of the historic Kirkland Lake gold camp, and the 3500-claim Attawapiskat diamond property located southeast of De Beers' Victor diamond mine development in the James Bay Lowlands. The Company is based in Kirkland Lake and Toronto, and its capital consists of 8,820,468 issued and outstanding common shares.
On behalf of the Board,
Vault Minerals Inc. "Andy Chater", P.Geo, President and CEO
For additional information contact:
Andy Chater
Tel (416) 360 1985
Fax (416) 360 7193
Email andychater@on.aibn.com
Joe Horne
Tel (705) 567 4511
Fax (705) 567 6873
Email joe.horne@kirnova.com
Dan McCormack
Tel (705) 567 4511
Fax (705) 567 6873
Email dan.horne@kirnova.com |
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