WEST Vault Announces Renewal of Normal Course Issuer Bid
SUITE 838 – 1100 MELVILLE STREET, VANCOUVER, B.C. CANADA V6E 4A6 TEL: 604-685-8311 FAX: 604-484-4710 WWW.WESTVAULTMINING.COM
News Release No. 151-2023
April 6, 2023
WEST VAULT ANNOUNCES
RENEWAL OF NORMAL COURSE ISSUER BID
VANCOUVER, BRITISH COLUMBIA, April 6, 2023 – West Vault Mining Inc. (TSXV:WVM,
OTCQX:WVMDF) ( “West Vault ” or the “Company” ) announces that the T SX Venture Exc hange
(“TSXV“) has accepted the Company’s notice of intention to renew its normal course issuer bid (the
“NCIB“) to purchase outstanding common shares of West Vault on the open market in accordance with
the policies of the TSXV.
Pursuant to the renewed NCIB the Company may purchase up to 2.9 million common shares,
representing approximately 5% of the 58,138,670 outstanding common shares of the Company (the
“Common Shares”) as of April 3, 2023.
Purchases under the renewed NCIB are authorized to commence on April 11, 2023, and terminate on
the earlier of the Company purchasing a total of 2.9 million Common Shares, the Company providing
a notice of termination , or on April 10, 2024. All purchases will be made through the facilities of the
TSXV at market prices and otherwise in accordance with the rules and policies of the TSXV. All
Common Shares acquired by the Company under the renewed NCIB will be subsequently canceled.
The price which the Company will pay for any such Common Shares will be the prevailing market price
at the time of purchase. The funding for any purchase pursuant to the renewed NCIB will be financed
out of the unallocated working capital of the Company. PI Financial Corp. will continue to conduct the
renewed NCIB on behalf of the Company . The Company intends to utilize the renewed NCIB at its
discretion to make opportunistic purchases to create shareholder value and manage the number of
outstanding common shares.
The board of directors of the Company has authorized the renewed NCIB as such purchases constitute,
in their opinion, an appropriate use of funds which will benefit both the Company and its shareholders.
Under the existing NCIB, which is due to expire on April 10, 2023, the Company obtained approval to
purchase up to 2,904,512 Common Shares and has currently purchased 335,000 Common Shares at
an average price of approximately $0.98 per Common Share for a total cash consideration of $326,735
through the facilities of the TSXV.
On behalf of the Board of West Vault Mining Inc.
Frank R. Hallam
Chief Financial Officer
For further information please see the Company’s website at www.westvaultmining.com or contact us
by email at [email protected].
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SUITE 838 – 1100 MELVILLE STREET, VANCOUVER, B.C. CANADA V6E 4A6 TEL: 604-685-8311 FAX: 604-484-4710 WWW.WESTVAULTMINING.COM
Investor Relations:
Sandy McVey, CEO
(604) 685 8311 / [email protected]
Disclaimer for Forward-Looking Information
This press release may contain forward-looking information or forward-looking statements (collectively
"forward-looking information") within the meaning of applicable securities laws . Forward-looking
information is typically identified by words such as: “believe”, “expect”, “anticipate”, “intend”, “estimate”,
“postulate” and similar expression s, or are those, which, by their nature, refer to future events. All
statements that are not statements of historical fact are forward -looking statements. Forward-looking
information in this news release includes, without limitation , statements regarding the Company's
intention to commence its renewed NCIB, the potential purchases of Common Shares for cancellation
under the renewed NCIB program, and the anticipated timing and the extent of such purchases under
the renewed NCIB program. Although West Vault believes that such information as set out in this press
release is reasonable, it can give no assurance that such expectations and estimates will prove to be
correct. The Company cautions investors that any forward -looking information provided by the
Company is not a guarantee of future results or performance, and that actual results may differ
materially from those in forward-looking information as a result of various factors, including the state of
the financial markets for the Company's equity securities. The reader is referred to the Company's
public filings for a more complete discussion of its risk factors and their potential effects which may be
accessed through the Company's profile on SEDAR at www.sedar.com.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accept responsibility for the adequacy or accuracy of this release.