Armory Mining Corp. Finalizes $500,000 Private Placement

Armory Mining Corp., a Canadian mineral exploration company, has completed a non-brokered private placement offering, securing $500,000. The company issued 5,000,000 units at $0.10 per unit. Each unit includes one common share and half a transferable warrant. These warrants allow holders to purchase additional shares at $0.20 each until December 18, 2029, with an acceleration clause if shares trade at $0.30 or higher for 10 consecutive days.

Additionally, Armory issued 47,250 finder’s warrants, exercisable until December 2026, and paid $4,725 in cash finder's fees. Raised funds are allocated for exploration of the Kaslo Silver project, the Nova Scotia property, and other corporate needs.