Vior Announces Change IN Management and Private Placement
VIOR ANNOUNCES CHANGE IN MANAGEMENT AND PRIVATE PLACEMENT
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES
OR DISSEMINATION IN THE UNITED STATES.
QUÉBEC, CANADA, October 30, 2017 - Mr. Claude St -Jacques, current President, Chief
Executive Officer and Chairman of the Board of Directors of SOCIÉTÉ D’EXPLORATION
MINIÈRE VIOR INC. (TSX VENTURE (VIO), FRANKFURT (VL5 1) (the “Company” or “Vior”) is
pleased to announce the appointment of Mr. Mark Fedosiewich as the new incoming President
and Chief Executive Officer of the Company. Mr. Fedosiewich is an Honours Bachelor of
Commerce graduate who has been involved in the investment industry for over 30 years in a
number of senior advisory positi ons with several prominent investment firms, most recently as
First Vice President at CIBC Wood Gundy.
He has established, over his successful career, an extensive network across North America of
mining executives, experienced high net worth junior resourc e investors, and prominent junior
resource portfolio managers.
As incoming President and CEO, Mr. Fedosiewich brings along his strong leadership,
organizational, financial and corporate development experience that he hopes to lever with
Vior’s existing strong geological and technical team. Mr. Fedosiewich is confident that Vior can
develop into a solid exploration company that will build value for its shareholders and be
recognized for the quality of its projects and of its management.
In connection with his appointment, the Board of Directors has granted Mr. Fedosiewich
850,000 stock options entitling to purchase same number of common shares of Vior at a price of
$0.10 per share for a period of 10 years ending on October 30, 2027.
The Company also announces that in connection with his nomination has President and Chief
Executive Officer, Mr. Fedosiewich has agreed to subscribe to 1.5 million units of the Company
(the “Units”) at a a price of $0.08 per Unit, for total gross proceeds to the Company of $120,000
(the “Offering”).
Each Unit consists of one (1) common share of the Company (a “Share”) and one common
share purchase warrant (a “Warrant”), each Warrant entitling to acquire one (1) additional
common share of the Company at a price of $0.12 per share for a period of five (5) years from
the closing of the Offering.
The Offering remains subject to the approval of the TSX Venture Exchange.
PRESS RELEASE
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About Vior
Vior’s strategy is to generate, explore and develop quality projects in the best proven and
accessible mining areas. Through the years, Vior’s management and technical team has
demonstrated its ability to discover numerous gold deposits and mineral prospects.
For further information, please contact:
Claude St-Jacques Mark Fedosiewich
Chairman President and CEO
Tel.: 418-692-2678 Tel.: 613-898-5052
Web site: www.vior.ca
SEDAR: Société d’exploration minière Vior inc.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Ex change) accepts responsibility for the adequacy or accuracy of
this release.