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VIO Vior Inc

0.17
0.00 (0.00%)
15 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Vior Inc TSXV:VIO TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.17 0.17 0.18 0.18 0.17 0.17 46,500 20:51:56

Vior: Closing of a Private Placement and Update on Exploration Activities

21/12/2012 6:13pm

Marketwired Canada


SOCIETE D'EXPLORATION MINIERE VIOR INC. (TSX VENTURE:VIO)(FRANKFURT:VL5)

Closing of a private placement of $100,045

Vior (TSX VENTURE:VIO)(FRANKFURT:VL5) announces that it has completed a private
placement of $100,045 with qualified investors pursuant to which VIO issued
1,819,000 flow-through units at a price of $0.055 per unit.


In the placement, Vior has paid a fee of intermediation of $ 2,000.90. The
securities issued in the framework of the placement are subject to a hold period
of four months expiring April 21, 2013.


The proceeds of this offering will be allocated to exploration work on the
properties of the Company in Quebec.


Up-date on exploration activities

Beauchastel

Vior Inc. (TSX VENTURE:VIO)(FRANKFURT:VL5) recently signed a letter of intention
with Falco Pacific Resource Group (TSX VENTURE:FPC) to sell 100% interest of the
34-claim (1,331 Ha) Beauchastel property. General terms of the acquisition are
for Falco Pacific to pay Vior $100,000 and issue 150,000 common shares, subject
to a pooling agreement, on closing of the agreement. Vior will retain an NSR
varying between 1% and 2% on various claims, with no buy-back below 1%. The
transaction is subject to completion of a definitive agreement with Falco
Pacific and approval of the TSX-V Exchange.


Other properties

Vior has also recently completed a till sampling survey as well as a limited
B-horizon soil sampling survey on its respectively, Ligneris and Vezza-Noyard
properties. The purpose of those surveys was to identify new gold exploration
targets which will be followed-up in the field in 2013. The two properties are
wholly-owned by the Company. Results are pending.


This press release was reviewed by Mr. Marc L'Heureux who is the Company's
Qualified Person under National Instrument 43-101.


Profile

Vior's strategy is to generate, explore and develop quality projects in the best
proven an accessible mining areas. Vior owns approximately 34% of the share
capital of Aurvista Gold Corp. (TSX VENTURE:AVA), the owner of the gold Douay
project, which contains a NI43-101 compliant Mineral Resource of 114,652,000
million tonnes at 0.75 g/t gold (2.8 million ounces of gold) in the Inferred
category and 2,689,000 tonnes at 2.76 g/t gold (238,433 ounces of gold) in the
Measured and Indicated category, at a cut-off of 0.3 g/t gold.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Claude St-Jacques
President
418 692 2678
cstjacques@vior.ca
Web Site : www.vior.ca


Marc L'Heureux
Vice-president Exploration
450 746 1771
mlheureux@vior.ca


SEDAR :
Societe d'exploration miniere Vior inc.

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