Vior Announces the Closing of a $1,350,000 Private Placement
VIOR ANNOUNCES THE CLOSING OF A $1,350,000 PRIVATE PLACEMENT
MONTRÉAL, CANADA, JULY 24, 2020 - SOCIÉTÉ D’EXPLORATION MINIÈRE VIOR INC.
(TSX-V: VIO, FRANKFURT: VL51) (the “Corporation” or “Vior”) is pleased to announce the
closing of a private placement totaling 13,500,000 units (the “Units”) at a price of $0.10 per Unit,
for total gross proceeds of $1,350,000 (the “Offering”).
Each Unit consists of one (1) common share of the Corporation (a “Share”) and on e half (1/2)
common share purchase warrant (each whole warrant being a “Warrant”). Each Warrant entitles
the holder to acquire one (1) Share at a price of $0.15 per Share for a period of 24 months ending
July 23, 2022.
In connection with the Offering, the Corporation paid finders’ fees totalling $28,000 to arm’s length
third parties of Vior.
The securities issued in connection with the Offering are subject to a four (4) month hold period
ending November 24, 2020. The Offering was carried out pursuant to prospectus exemptions of
applicable securities laws and is subject to final acceptance by the TSX Venture Exchange.
Vior will use the Offering proceeds to fund exploration works on its properties and for general
corporate purposes.
The Insiders’ participation for $ 75,200 is exempt from the formal valuation and minority
shareholder approval requirements provided under Regulation 61 -101 respecting Protection of
Minority Sec urity Holders in Special Transactions (“Regulation 61 -101”) in accordance with
sections 5.5(a) and 5.7(1)(a) of Regulation 61 -101. Th is 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 Offering, there are 57, 759,267 Shares of Vior issued and
outstanding.
About Vior
Vior is a 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 team have demonstrated
their ability to discover several gold deposits and many high-quality mineral prospects.
For further information, please contact:
PRESS RELEASE
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Mark Fedosiewich
President and CEO
Tel.: 613-898-5052
Website: www.vior.ca
SEDAR: Société d’exploration minière Vior inc.