Breaking News: Armory Mining Unveils Exciting LIFE Offering and Welcomes New Chairman!

Description:

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESSWIRE / December 23, 2024 / Armory Mining Corp. (CSE:ARMY)(OTC PINK:RMRYF)(FRA:2JS) (the “Company”) is pleased to announce a non-brokered private placement LIFE offering (the “Offering”) for total gross proceeds of a minimum of $500,000 and up to a maximum of $680,000, consisting of a minimum of 3,703,703 common shares of the Company (each a “Common Share”) and up to a maximum of 5,037,037 Common Shares at a price of $0.135 per Common Share (the “Offering Price”). In connection with the Offering, the Company may pay finder’s fees consisting of: (i) cash finder’s fees of up to 10.0% of the gross proceeds raised in respect of the Offering from subscribers introduced by such finders to the Company; (ii) finder shares in an amount equal to up to 10.0% of the number of Common Shares issued pursuant to the Offering; and (iii) finder warrants in an amount equal to up to 10.0% of the number of Common Shares issued pursuant to the Offering from subscribers introduced by such finders to the Company, exercisable at the Offering Price for a period of 48 months following the closing date of the Offering.

Impact on You:

As an individual investor, the unveiling of Armory Mining’s exciting LIFE offering can present an opportunity for you to potentially invest in a company that is looking to raise capital for its projects. The private placement Offering allows you to acquire common shares at a set price, offering the potential for returns if the company performs well in the future. It is important to carefully consider the risks and rewards associated with investing in such offerings before making any decisions.

Impact on the World:

From a broader perspective, Armory Mining’s announcement of the LIFE offering and welcoming of a new Chairman signals the company’s commitment to advancing its projects and exploring new opportunities in the mining industry. The injection of capital through the Offering can support the company’s initiatives, potentially leading to job creation, technological advancements, and economic growth in the mining sector. This move by Armory Mining may also have ripple effects on the industry as a whole, influencing trends and innovations in the mining field.

Conclusion:

In conclusion, Armory Mining’s unveiling of the LIFE offering and introduction of a new Chairman marks an exciting chapter for the company and the mining industry. As an investor, this announcement opens up the possibility of investing in a promising venture, while on a larger scale, it signifies progress and growth in the mining sector. It will be interesting to see how this news shapes the future of Armory Mining and contributes to the overall development of the industry.