Welcome to our dedicated page for VIOR news (Ticker: VIORF), a resource for investors and traders seeking the latest updates and insights on VIOR stock.
VIOR INC. (VIORF) is a Quebec-based junior mining exploration corporation that focuses on generating, exploring, and developing high-quality projects in North America. With a strategic focus on Quebec, VIOR's management and technical team have a proven track record of discovering gold deposits and high-quality mineral prospects. The company is rapidly advancing its flagship Belleterre Gold Project, Belleterre Lithium Project, and Skyfall Nickel project. Recent achievements include the issuance of common shares to Osisko Mining Inc. to satisfy an anniversary payment obligation and the acquisition of two mining concessions for the Belleterre Gold Project. VIOR is committed to sound financial management, maximizing value for shareholders, and executing a significant drill program to advance its projects.
Vior has completed a non-brokered private placement, raising C$4.88 million through the issuance of 16,829,049 flow-through common shares at C$0.29 per share. The proceeds will fund exploration activities on the company's Quebec gold properties. The placement included insider participation of 1,500,000 shares totaling C$435,000. Cash finder's fees of C$84,924 were paid to arm's length parties. The issued securities are subject to a four-month hold period ending March 13, 2025, pending TSX Venture Exchange final approval.
Vior Inc (TSXV:VIO, OTCQB:VIORF) has announced its participation in two major investor conferences. The company will attend the 121 Mining Investment London Conference from November 14-15, 2024, at Convene 133 Houndsditch, London, and Brien Lundin's New Orleans Investment Conference from November 20-23, 2024, at Hilton New Orleans Riverside.
President & CEO Mark Fedosiewich and Senior Exploration Manager Ben Cleland will be present to discuss Vior's ongoing +60,000 m drill program at its flagship Belleterre Gold Project. At the New Orleans conference, Vior will be at Booth #303 and deliver a presentation on November 21, 2024, at 10:15 am ET.
Vior Inc. (TSXV:VIO, OTCQB:VIORF) has appointed Marian Moroney to its Board of Directors, effective October 23, 2024. Moroney brings over 30 years of mining sector experience, including 20+ years at Barrick Gold . Her expertise includes exploration, strategic planning, governance, and mergers and acquisitions. She was recognized among the 100 Global Inspirational Women in Mining in 2016. Additionally, Vior has granted 1,245,000 incentive stock options to employees, officers, directors, and consultants at $0.205 per share, exercisable for 5 years with a three-year vesting schedule.
Vior Inc. (TSXV:VIO)(OTCQB:VIORF) has provided an update on its +60,000 metre diamond drill program at the Belleterre Gold Project in Quebec. The program, which began on September 23, 2024, has completed 19 drill holes and 4,054 metres in the former Belleterre Mine area. Early observations indicate extensions of favorable mineralization proximal to the historic production area, with up to 16.6 m core length of sulphide mineralized quartz-veining in altered mafic volcanic rocks.
The drilling has targeted near-surface zones within the western 400 m of the +800 metre-long Belleterre gold mine Vein #12 system. Fifteen of the holes intersected typical Belleterre Mine style sulphide mineralization and alteration. Over 1,244 core samples have been sent for analysis, with all assay results pending. The company has temporarily relocated drilling to the Aubelle Deposit target area due to the provincial hunting season.
Vior announced the conversion of Subscription Receipts into Units and the closing of a Royalty Option Agreement with Osisko Mining. Following the offering of $19.3 million on March 28, 2024, the Escrow Release Conditions were satisfied, converting 19,840,000 Subscription Receipts into Units and releasing $2.48 million in gross proceeds. Each Unit includes one common share and one-half of a common share purchase warrant. Osisko Mining's approval as a control person by shareholders and the TSX Venture Exchange, an amended Investor Rights Agreement, and a Royalty Option Agreement were preconditions for this conversion. This milestone, part of a $21.83 million overall financing, also brought Vior an additional $250,000 from Osisko Mining, reinforcing investor confidence in Vior's Belleterre Gold Project.
Vior announced the results of its Special Meeting of Shareholders held on June 7, 2024. The shareholders approved Osisko Mining as a new 'Control Person' with 99.98% of the votes. Additionally, minority shareholders approved the acquisition of 19,840,000 Subscription Receipts by Osisko Mining at $0.125 per receipt, along with the execution of an amended Investor Rights Agreement and a Royalty Option Agreement, both receiving 99.97% approval. Each Subscription Receipt can convert to one common share and a half-share purchase warrant, with the latter exercisable at $0.21 for 24 months. The proceeds from the Subscription Receipts are held in escrow, contingent upon specific conditions being met by June 30, 2024.
Vior Inc. announces the accelerated acquisition of 100% of the former Belleterre Gold Mine through a definitive asset purchase agreement, securing two mining concessions that were part of the historical mine's production. The renegotiated the Acquisition Agreement to own 100% of the Concessions at a reduced cost, demonstrating sound financial management. The acquisition is expected to close around May 14, 2024, allowing Vior to advance its growth objectives with a significant drill program starting in early Summer 2024.
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