Vior Announces Stock Option Awards

Rhea-AI Summary

Vior Inc. has announced the grant of incentive stock options for a total of 2,710,000 common shares to employees, directors, officers, and consultants. These options, part of Vior's stock option plan, have an exercise price of $0.145 per share and are valid for 5 years. The vesting schedule consists of 1/3 becoming exercisable on the grant date, with additional 1/3 vesting on each of the first and second anniversaries of the grant. Vior is focused on generating and developing projects in favorable mining jurisdictions in North America.

Positive

• Granting of 2,710,000 stock options may incentivize employees and align their interests with shareholders.
• Stock options exercise price set at $0.145, which is potentially favorable compared to current market conditions.
• Vior's focus on high-quality projects in proven mining regions may lead to long-term growth opportunities.

Negative

• None.

MONTREAL, QC / ACCESSWIRE / February 21, 2023 / Vior Inc. ("Vior" or the "Corporation"), (TSXV:VIO), (OTCQB:VIORF) and (FRANKFURT:VL51) announces that it has granted incentive stock options to employees, directors, officers and consultants to acquire an aggregate of 2,710,000 common shares. These stock options have been granted in accordance with Vior's stock option plan, have an exercise price of $0.145 per share, are exercisable for 5 years and vest as to 1/3 of the number on the date of grant, 1/3 on the first anniversary of grant and the final 1/3 on the second anniversary of grant.

About Vior Inc.

Vior is a hybrid junior mining exploration company based in Quebec, whose corporate strategy is to generate, explore and develop high-quality projects in proven and favourable mining jurisdictions in North America. Through the years, Vior's management and technical teams have demonstrated their ability to discover several gold deposits and many high-quality mineral prospects.

For further information, please contact:

Mark Fedosiewich
President and CEO
Tel.: 613-898-5052
mfedosiewich@vior.ca
Website: www.vior.ca

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 release.

SOURCE: Vior Inc.

View source version on accesswire.com:
https://www.accesswire.com/740056/Vior-Announces-Stock-Option-Awards

FAQ

What is the significance of the stock options granted by Vior Inc. on February 21, 2023?

The stock options grant may motivate personnel and align their goals with the company's performance, impacting Vior's overall growth.

How many stock options did Vior Inc. grant and with what exercise price?

Vior Inc. granted 2,710,000 stock options at an exercise price of $0.145 per share.

What is the vesting schedule for the stock options granted by Vior Inc.?

The options vest as follows: 1/3 on the grant date, 1/3 on the first anniversary, and the final 1/3 on the second anniversary.

What is Vior Inc.'s focus in the mining industry?

Vior Inc. is dedicated to generating, exploring, and developing high-quality projects in favorable mining jurisdictions across North America.

What is the duration of the stock options granted by Vior Inc.?

The stock options are exercisable for 5 years from the date of grant.