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 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.