Mark Fedosiewich Acquires Shares of Vior Inc.

Rhea-AI Summary

Mark Fedosiewich, CEO of Vior, announced the acquisition of 375,000 common shares at $0.28 each during a private placement on October 21, 2021. Prior to this transaction, he owned 7,390,000 shares, equivalent to 10.13% of total shares. Post-transaction, his holdings increased to 7,765,000 shares, or 9.92%. This reflects a partial dilution since he now holds 13.17% of issued shares if all options and warrants are exercised. The acquisition was made for investment purposes, with potential for future transactions based on market conditions.

Positive

• Strategic acquisition of 375,000 shares could indicate confidence in Vior's future.
• Potential for increased ownership percentage (up to 13.17%) if options and warrants are exercised.

Negative

• Dilution of ownership percentage from 10.13% to 9.92% post-transaction.
• Investor concerns about the necessity of private placement acquisitions.

OTTAWA, ON / ACCESSWIRE / October 22, 2021 / Mark Fedosiewich (the "Acquiror"), President, Chief Executive Officer and a director of Vior Inc. (the "Corporation"), announces that he has directly acquired on October 21, 2021, 375,000 common shares of the Corporation at a price of $0.28 per common share in the context of a private placement of flow-through common shares of the Corporation (the "Transaction").

Immediately prior to the closing of the Transaction, the Acquiror held, directly or indirectly, (i) 7,390,000 common shares of the Corporation, representing 10.13% of the issued and outstanding common shares, (ii) common share purchase warrants ("Warrants") entitling the Acquiror to purchase up to 1,751,000 common shares of the Corporation and (iii) options (the "Options") entitling the Acquiror to purchase up to 1,180,000 common shares of the Corporation. Assuming the exercise of all Warrants and Options held by the Acquiror, prior to the closing of the Transaction, the Acquiror would have owned 10,321,000 common shares, representing, on a partially-diluted basis, 13.60 % of the Corporation's common shares that would have then been issued and outstanding.

Immediately following the closing of the Transaction, the Acquiror together holds, directly or indirectly, (i) 7,765,000 common shares of the Corporation, representing 9.92% of the issued and outstanding common shares, (ii) Warrants entitling the Acquiror to purchase up to 1,751,000 common shares of the Corporation and (iii) Options entitling the Acquiror to purchase up to 1,180,000 common shares of the Corporation. Assuming the exercise of all Warrants and Options held by the Acquiror, following the closing of the Transaction, the Acquiror would own 10,696,000 common shares, on a partially-diluted basis, representing 13.17% of the Corporation's common shares that would then be issued and outstanding.

The Acquiror acquired the shares described in this press release for investment purposes and in accordance with applicable securities laws, the Acquiror may, from time to time and at any time, acquire additional shares and/or other equity, debt or other securities or instruments (collectively, "Securities") of the Corporation in the open market or otherwise, and he reserves the right to dispose of any or all of his Securities in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to the Securities, the whole depending on market conditions, the business and prospects of the Corporation and other relevant factors.

The shares described in this Press Release were directly acquired by Mark Fedosiewich.

A copy of the Early Warning Report to be filed by the Acquiror in connection with the Transaction described above will be available on SEDAR under the Corporation's profile. This news release is issued under the early warning provisions of the Canadian Securities Legislation.

For more information, contact:

Mark Fedosiewich
President, Chief Executive Officer and Director
Tel.: 613-898-5052
E-mail: mfedosiewich@vior.ca

SOURCE: Mark Fedosiewich

View source version on accesswire.com:
https://www.accesswire.com/669335/Mark-Fedosiewich-Acquires-Shares-of-Vior-Inc

FAQ

What shares did Mark Fedosiewich acquire from Vior on October 21, 2021?

Mark Fedosiewich acquired 375,000 common shares at $0.28 each.

What was Mark Fedosiewich's shareholding percentage before and after the acquisition?

Before the acquisition, he held 10.13% of shares, which diluted to 9.92% post-acquisition.

What does the acquisition indicate about Mark Fedosiewich's outlook on Vior?

The acquisition suggests a positive outlook and confidence in the company's future.

Will Mark Fedosiewich acquire more shares of Vior in the future?

He may acquire additional shares depending on market conditions and Vior's prospects.

What is the expected impact of this transaction on Vior's stock?

The transaction indicates a strategic move but could raise concerns regarding shareholder dilution.