Mark Fedosiewich Acquires Shares of Vior Inc

Rhea-AI Summary

Mark Fedosiewich, President and CEO of Vior, has acquired 60,000 common shares of the corporation on November 16, 2021, in the secondary market. The acquisition included 50,000 shares at $0.195, 9,500 at $0.20, and 500 shares at $0.21 each. Before this transaction, he held 7,819,000 shares, representing 9.989% of the outstanding shares. Post-transaction, his holdings increased to 7,879,000 shares, or 10.07%. If all warrants and options are exercised, his stake could rise to 13.31% of the common shares outstanding.

Positive

• Increased ownership stake from 9.989% to 10.07% after acquisition.
• Potential increase in ownership to 13.31% upon exercise of warrants and options.

Negative

• Acquisition did not significantly change the financial landscape or value perception of the company.
• -

OTTAWA, ON / ACCESSWIRE / November 17, 2021 / Mark Fedosiewich (the "Acquiror"), President, Chief Executive Officer and a director of Vior Inc. (the "Corporation"), announces that he has directly acquired on November 16, 2021, 60,000 common shares of the Corporation in the secondary market. Out of the 60,000 common shares, 50,000 common shares were acquired at a price of $0.195 per share, 9,500 were acquired at a price of $0.20 per share, and 500 common shares were acquired at a price of $0.21 per share (the "Transaction").

Immediately prior to the closing of the Transaction, the Acquiror held, directly or indirectly, (i) 7,819,000 common shares of the Corporation, representing 9.989% 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, prior to the closing of the Transaction, the Acquiror would have owned 10,750,000 common shares, representing, on a partially-diluted basis, 13.24% 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) 7,879,000 common shares of the Corporation, representing 10.07% 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 10,810,000 common shares, on a partially-diluted basis, representing 13.31% 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/673495/Mark-Fedosiewich-Acquires-Shares-of-Vior-Inc

FAQ

What shares did Mark Fedosiewich acquire on November 16, 2021?

Mark Fedosiewich acquired 60,000 common shares of Vior, including 50,000 shares at $0.195 each.

What is the impact of Mark Fedosiewich's acquisition on his shareholding in Vior?

Post-acquisition, his shareholding increased from 9.989% to 10.07% of the issued and outstanding common shares of Vior.

How many shares can Mark Fedosiewich hold if he exercises all warrants and options?

If all warrants and options are exercised, he could hold approximately 13.31% of Vior's common shares.

Is there a report available regarding Mark Fedosiewich's acquisition of shares in Vior?

Yes, an early warning report will be filed by Mark Fedosiewich in connection with the acquisition, available on SEDAR.