Vior Announces Dividend IN Specie of Common Shares of Aurvista GOLD Corporation
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VIOR ANNOUNCES DIVIDEND IN SPECIE OF COMMON SHARES
OF AURVISTA GOLD CORPORATION
QUÉBEC, CANADA -March 7, 2017. Société d'exploration minière Vior Inc. (TSX
VENTURE (VIO), FRANKFURT (VL5)) (“Vior” or the “Company”) is pleased to announce
the declaration of a special in specie dividend of an aggregate of 13,796,955 common shares of
Aurvista Gold Corporation (the “Aurvista Shares”) or 0.45 Aurvista Share for every 1 common
share of the Company held, to the holders of common shares of the Company (the
“Dividend”)(as further explained below, the distribution ratio of Aurvista Shares may be
reduced to 0.341 in the event all outstanding Vior Convertible Securities (as defined below) are
exercised). The Aurvista Shares are listed on the TSX Venture Exchange (t he “Exchange ”)
under the symbol “AVA”.
The Dividend will be distributed to shareholders of Vior pursuant to the Exchange's due bill
trading policy. Pursuant to such policy:
• the record date (the " Record Date ") to determine shareholders of Vior entitled to the
Dividend is March 15, 2017;
• the due bill trading date will be March 13, 2017 (two trading days prior to the Record
Date);
• the payment or distribution date (the " Distribution Date") will be on or about March 20,
2017;
• the ex -distribution date will be March 21, 2017 (the next trading day following the
Distribution Date); and
• the due bill redemption date will be March 23, 2017 (the second trading day following
the ex-distribution date).
For clarification, "due bills" will represent the Dividend that Vior shareholders will be entitled to
receive. The due bills will be deemed to be attached to Vior's common shares two trading days
prior to the Record Date, and will continue to be attached to Vior's shares until the end of the
Distribution Date. Accordi ngly, Vior's shares will trade on a "due bill" basis from March 13,
2017 until close of trading on March 20, 2017 (the " Due Bill Period"). This means that persons
who sell or buy Vior shares during the Due Bill Period shall also selling or buying, as appli cable,
the entitlement to the Dividend. Vior's shares will commence trading on an ex -distribution basis
(i.e. without an attached "due bill" entitlement to the distribution) from the opening of trading
March 21, 2017 (i.e. the next trading day after the Di stribution Date). The due bills will be
redeemed on March 23, 2017 once all trades with attached due bills entered during the Due Bill
Period have settled.
PRESS RELEASE
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The common shares of the Company acquired upon the exercise of stock options or share
purchase warrants (the “Vior Convertible Securities”) on or prior to March 14, 2017 will have
due bills attached to them. Presuming the exercise of all of the outstanding Vior Convertible
Securities, a shareholder of Vior as of the Record Date will receive as of the Dis tribution Date
0.341 Aurvista Share for every 1 common share of the Company held.
The Company has designated the Dividend as an eligible dividend for the purposes of the Income
Tax Act (Canada), Vior shareholders are cautioned to seek the advice of their own taxation and
legal advisors.
In connection with the Dividend, the Company has engaged Computershare Investor Services
Inc. (“Computershare”) to distribute the securities representing a Vior shareholder’s applicable
portion of the Dividend to the addre sses shown on the register of the Company’s shareholders
maintained by Computershare. Fractional Aurvista Shares will not be distributed. The number of
Aurvista Shares to be received by a Vior shareholder will be rounded down to the nearest whole
number of Aurvista Shares.
Computershare Investor Services Inc. may be contacted at 1 -800-564-6253 (inside North
America) or 1 -514-982-7555 (Outside North America) or by e -mail to the
Profile
Profile Vior’s strategy is to generate, explore and develop quality projects in the best proven and
accessible mining areas. Vior currently owns approximately 15,53% of the share capital of
Aurvista Gold Corp. (TSX -V: AVA), the owner of the gold Douay project, which contains a NI
43-101 compliant Mineral Resource of 2.7 million tonnes of Indicated Resources at 2.76 g/t gold
for 238,000 ounces above a 0.3 g/t gold cut -off grade with an additional Inferred Resources of
115 million tonnes at 0.75 g/t gold for 2.75 million ounces above a 0.3 g /t gold cut -off grade
(Aurvista press release of February 22, 2017).
For further information, please contact:
Claude St-Jacques Marc L’Heureux
President Vice-president Exploration
Tel.: 418-692-2678 Tel.: 450-746-1771
[email protected] [email protected]
Web site: www.vior.ca
SEDAR: Société d’exploration minière Vior inc.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts the responsibility for the adequacy or
accuracy of this release.