Vior Announces Closing of C$4.9m Private Placement of Flow-Through Shares
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 ha completato un collocamento privato non intermediato, raccogliendo 4,88 milioni di dollari canadesi tramite l'emissione di 16.829.049 azioni comuni flow-through a C$0,29 per azione. I proventi finanzieranno le attività di esplorazione sulle proprietà aurifere della compagnia in Quebec. Il collocamento ha incluso la partecipazione di insider con 1.500.000 azioni per un totale di C$435.000. Sono state pagate commissioni di intermediazione in contante pari a C$84.924 a terze parti. I titoli emessi sono soggetti a un periodo di blocco di quattro mesi che termina il 13 marzo 2025, in attesa dell'approvazione finale da parte della Borsa Valori TSX Venture.
Vior ha completado una colocación privada no intermediada, recaudando 4.88 millones de dólares canadienses a través de la emisión de 16,829,049 acciones comunes flow-through a C$0.29 por acción. Los fondos se destinarán a las actividades de exploración en las propiedades de oro de la compañía en Quebec. La colocación incluyó la participación de insiders con 1,500,000 acciones por un total de C$435,000. Se pagaron honorarios en efectivo de C$84,924 a partes independientes. Los valores emitidos están sujetos a un período de retención de cuatro meses que finaliza el 13 de marzo de 2025, a la espera de la aprobación final de la Bolsa de Valores de TSX Venture.
비오르는 중개인이 없는 개인 배치를 완료하고 4.88백만 캐나다 달러를 모금했습니다. 이는 C$0.29의 가격으로 16,829,049개의 흐름이 있는 일반 주식을 발행한 결과입니다. 이 수익금은 퀘벡의 금 자산에 대한 탐사 활동 자금으로 사용될 것입니다. 이 배치에는 총 C$435,000에 해당하는 1,500,000주의 내부자 참여가 포함되어 있습니다. 독립적인 당사자에게는 C$84,924의 현금 중개 수수료가 지급되었습니다. 발행된 증권은 2025년 3월 13일에 끝나는 4개월의 보류 기간이 적용되며, TSX 벤처 거래소의 최종 승인을 기다리고 있습니다.
Vior a complété un placement privé sans courtier, levant 4,88 millions de dollars canadiens grâce à l'émission de 16.829.049 actions ordinaires flow-through à 0,29 $ CA par action. Les fonds serviront à financer des activités d'exploration sur les propriétés aurifères de la société au Québec. Le placement a inclus la participation de personnes proches de l'intérieur avec 1.500.000 actions pour un total de 435.000 $ CA. Des frais de commission en espèces de 84.924 $ CA ont été versés à des parties indépendantes. Les titres émis sont soumis à une période de blocage de quatre mois se terminant le 13 mars 2025, en attente de l'approbation finale de la Bourse TSX Venture.
Vior hat eine nicht vermittelte Privatplatzierung abgeschlossen und 4,88 Millionen kanadische Dollar durch die Ausgabe von 16.829.049 flow-through Stammaktien zu einem Preis von C$0,29 pro Aktie gesammelt. Die Einnahmen werden die Explorationsaktivitäten der Firma in den Goldvorkommen in Quebec finanzieren. An der Platzierung nahmen Insider mit 1.500.000 Aktien im Gesamtwert von C$435.000 teil. Provisionen in bar in Höhe von C$84.924 wurden an unabhängige Parteien gezahlt. Die ausgegebenen Wertpapiere unterliegen einer viermonatigen Haltefrist, die am 13. März 2025 endet, und sind noch auf die endgültige Genehmigung durch die TSX Venture Exchange angewiesen.
- Secured C$4.88 million in new funding
- Insider participation demonstrates management confidence with C$435,000 investment
- Share dilution through issuance of 16.83 million new shares
- Additional cash expenses of C$84,924 in finder's fees
MONTREAL, QC / ACCESSWIRE / November 12, 2024 / (TSXV:VIO)(OTCQB:VIORF) and (FRANKFURT:VL51) ("Vior" or the "Corporation"),is pleased to announce that it has closed a non-brokered private placement consisting of the issuance of 16,829,049 flow-through common shares of the Corporation at a price of
Vior will use the Offering proceeds to fund qualified exploration expenditures on its Quebec gold properties. In connection with the Offering, Vior has paid cash finder's fees of
The Offering was carried out pursuant to prospectus exemptions of applicable securities laws and is subject to certain closing conditions, including but not limited to, the receipt of all necessary regulatory approvals, including final approval by the TSX Venture Exchange. Accordingly, the securities issued in the Offering are subject to a statutory hold period of four (4) months and one (1) day, expiring on March 13, 2025, pursuant to National Instrument 45-102 - Resale Restrictions and Regulation 45-102 - Resale of Securities and the certificates or DRS advices representing such securities bear a legend to that effect.
Insiders have participated in the Offering and were issued 1,500,000 flow-through common shares, for total gross proceeds of
About Vior Inc.
Vior is a junior mineral exploration corporation based in the province of Quebec, Canada, whose corporate strategy is to generate, explore, and develop high-quality mineral projects in the proven and favourable mining jurisdiction of Quebec. Through the years, Vior's management and technical teams have demonstrated their ability to discover several gold deposits and many high-quality mineral projects.
Vior is rapidly advancing its flagship Belleterre Gold Project with the strategic support of Osisko Mining Inc. (now Windfall Mining Group Inc., pursuant to the completion of its acquisition via a plan of arrangement transaction announced by Osisko Mining Inc. on October 25, 2024). The Belleterre Gold Project is a promising district-scale project that includes Quebec's past-producing high-grade Belleterre gold mine. Vior has conducted extensive surface and compilation exploration at the Belleterre Project and is currently executing on a +60,000 metre drill program. Vior is also actively developing its promising Skyfall Project in partnership with SOQUEM Inc., and several other projects with multi-mineral potential.
For further information, please contact:
Mark Fedosiewich
President and CEO
613-898-5052
mfedosiewich@vior.ca
www.vior.ca
SEDAR+: Vior Inc.
Cautionary Statement on Forward-Looking Information
This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program on the Belleterre project, the expected positive exploration results, the timing of the exploration results, the ability of the Corporation to continue with the exploration program, the availability of the required funds to continue with the exploration program, and the approval from the Ministère des Ressources naturelles et des Forêts ("MRNF") for the request for abandonment of the two mining concessions originally filed by 9293-0122 Québec Inc. (the previous owner of the two mining concessions). Forward-looking statements are generally identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to earn", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Corporation's ability to control or predict, that may cause the actual results of the Corporation to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, the possibility that future exploration results will not be consistent with the Corporation's expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks, the refusal by the MRNF to approve the request for abandonment of the two mining concessions held by the Corporation, as well as those risks identified in the Corporation's Management's Discussion and Analysis for the fiscal year ended June 30, 2024, and those risks set out in the Corporation's public documents filed on SEDAR+ at www.sedarplus.ca. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Corporation has attempted to identify important risks, uncertainties and factors that could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Corporation does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE: Vior, Inc.
View the original press release on accesswire.com
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