Vior Announces Closing of Private Placement
VIOR ANNOUNCES CLOSING OF PRIVATE PLACEMENT
Montreal, Canada, October 22, 2021 – Vior Inc. (“Vior” or the “Corporation”), (TSX-V: VIO,
FRANKFURT: VL51) is pleased to announce that it has completed the closing of a non-brokered
private placement by issuing a total of 5,327,628 flow-through common shares (the “Flow -
Through Shares”) at $ 0.28 per share, for total gross proceeds of $ 1,491,736. The securities
issued in the private placement are subject to a four-month hold period expiring on February 22,
2022.
Vior will use the private placement proceeds to fund exploration work on its Quebec properties .
The Insiders’ participation for $ 222,600 is exempt from the formal valuation and minority
shareholder approval requirements provided under Regulation 61 -101 respecting Protection of
Minority Security Holders in Special Transactions (“Regulation 61 -101”) in accordance with
Sections 5.5(a) and 5.7(1)(a) of Regulation 61 -101. The exemption is based on the fact that
neither the fair market value of the private placement, nor the consideration paid by such Insiders
exceeds 25% of the market capitalization of the Corporation.
As a result of the closing of the private placement, there are now 78,271,895 common shares of
Vior issued and outstanding.
The private placement was carried out pursuant to prospectus exemptions of applicable securities
laws and is subject to final acceptance by the TSX Ventur e Exchange. In connection with the
Offering, finder’s fees equal to an aggregate amount of $ 58,552 were paid to arm’s length third
parties of Vior.
About Vior
Vior is a hybrid junior mining exploration company based in Quebec , whose Corporate strategy
is to generate, explore and develop high -quality projects in proven and favourable mining
jurisdictions in North America. Through the years, Vior's management and technical teams have
demonstrated their ability to discover several gold de posits and many high -quality mineral
prospects.
For further information, please contact:
Mark Fedosiewich Laurent Eustache
President and CEO Executive Vice-President
Tel. : 613-898-5052 Tel. : 514-442-7707
[email protected] [email protected]
PRESS RELEASE
Web Site: www.vior.ca
SEDAR : Vior Inc
Forward-Looking Statements
This news release contains forward -looking statements. All statements, other than of historical facts, that address
activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future
including, without limitation, the planned exploration program on the Belleterre project, the expected positive exploration
results, the timing of the exploration results, the ability of the Corporation to continue with the exploration program, the
availability of the required funds to continue with the exploration and the approval from the Ministère de l’énergie et des
ressources naturelles (“MERN”) of the request for abandonment of the two mining concessions filed by 9293 -0122
Québec Inc. are forward-looking statements. Forward-looking statements are generally identifiable by use of the words
"will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to earn", "to have', "plan" and "project"
or the negative of these words or other variations on these words or comparable terminology. Forward -looking
statements are subject to a number of risks and uncertainties, ma ny of which are beyond the Corporation's ability to
control or predict, that may cause the actual results of the Corporation to differ materially from those discussed in the
forward-looking statements. Factors that could cause actual results or events to d iffer materially from current
expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, the
possibility that future exploration results will not be consistent with the Corporation's expectations, gen eral business
and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in
laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks, the
refusal b y the MERN to approve the request for abandonment of the two mining concessions held by 9293 -0122
Québec Inc. as well as those risks identified in the Corporation's annual Management's Discussion and Analysis.
Should one or more of these risks or uncertain ties materialize, or should assumptions underlying the forward -looking
statements prove incorrect, actual results may vary materially from those described and accordingly, readers should
not place undue reliance on forward-looking statements. Although the Corporation has attempted to identify important
risks, uncertainties and factors that could cause actual results to differ materially, there may be others that cause results
not to be as anticipated, estimated or intended. The Corporation does not intend, and does not assume any obligation,
to update these forward-looking statements except as otherwise required by applicable law.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the Policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.