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West Vault Mining Inc V.WVM

Alternate Symbol(s):  WVMDF

West Vault Mining Inc. is a Canada-based mineral exploration and development company. The Company is focused on the potential development of the Hasbrouck heap-leach gold project, consisting of the Hasbrouck Mine and Three Hills Mine (together the Hasbrouck Gold Project) in Nevada. Its flagship project consists of Hasbrouck and Three Hills gold properties. The Hasbrouck Gold Project is situated on Highway 95 between Reno and Las Vegas, Nevada. The Hasbrouck Project consisted of approximately 11,361 acres hosting around two oxide gold-silver deposits, Hasbrouck, and over eight kilometers to the north, Three Hills. The Hasbrouck Gold Project consists of the Hasbrouck Mine and the Three Hills Mine plus surrounding land package, which is situated near Tonopah, Nevada. The Company’s subsidiaries include WK-Allied Hasbrouck LLC and WK Mining (USA) Ltd.


TSXV:WVM - Post by User

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Post by thisisriskystufon Aug 13, 2020 1:24pm
150 Views
Post# 31404208

Investment From Eric Sprott

Investment From Eric Sprott

VANCOUVER, BRITISH COLUMBIA, August 13, 2020 – West Vault Mining Inc. (WVM:TSXV) (“West Vault” or the “Company”) is pleased to announce that it has closed its previously announced brokered private placement (the “Brokered Offering”) to raise aggregate gross proceeds of $6,348,000 including the exercise in full of the agents’ over-allotment option. Under the Brokered Offering, the Company issued a total of 5,520,000 common shares (“Shares”) of the Company at a price of $1.15 per Share (the “Issue Price”). Together with the non-brokered private placement of the Company closed earlier today (see press release dated August 13, 2020) (the “Non-Brokered Private Placement”), the Company has raised total gross proceeds of $16,531,250.

Eric Sprott, through 2176423 Ontario Ltd., a corporation beneficially owned by him, acquired 2,608,700 Shares under the Brokered Offering for total consideration of $3,000,005.

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