Vior Announces Closing of Private Placement
VIOR ANNOUNCES CLOSING OF PRIVATE PLACEMENT
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES
OR DISSEMINATION IN THE UNITED STATES.
QUÉBEC, CANADA, December 8, 2017 - SOCIÉTÉ D’EXPLORATION MINIÈRE VIOR INC.
(TSX VENTURE (VIO), FRANKFURT (VL5) (the “Company” or “Vior”) is pleased to announce
the closing of its previously announced non-brokered private placement at which it issued
1,500,000 units (the “Units”) at a price of $0.08 per Unit, for gross proceeds to the Company of
$120,000. Each Unit is comprised of one common share and one common share purchase
warrant. Each common share purchase warrant entitle its holder to purchase one additional
common share of the Issuer at a price of $0.12 for a period of sixty months ending on December
8, 2022.
The Company previously announced this private placement in connection to the nomination of
Mr. Mark Fedosiewich as President and Chief Executive Officer (refer to press release dated
October 30, 2017 for more details). All units were subscribed by Mr. Fedosiewich. His
participation constitutes a “related party transaction” as defined under National Instrument 61-
101 - Protection of Minority Security Holders in Special Transactions (“NI 61-101”). However,
such participation is exempt from the valuation and minority shareholder approval requirements
of NI 61-101 based on the fact that neither the fair market value of the private placement, nor
the consideration paid by Mr. Fedosiewich, exceeds 25% of the Company’s market
capitalization. The Company did not file a material change report at least 21 days prior to the
closing of the private placement as Mr. Fedosiewich was not an insider at the time of the
negotiations of the private placement.
The private placement 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:
Mark Fedosiewich
President and Chief Executive Officer
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 Exchange) accepts responsibility for the adequacy or accuracy of
this release.