Vior Completes $4.9 Million Private Placement for Exploration in Quebec

Vior, Inc., based in Montreal, announced the closure of a non-brokered private placement, raising approximately CAD 4.88 million. The company issued 16,829,049 flow-through shares priced at CAD 0.29 each. The funds will support exploration activities on Vior's gold properties in Quebec.

Cash finder's fees amounting to CAD 84,924 were paid to third parties. The offering complies with prospectus exemptions under securities laws, subject to regulatory and TSX Venture Exchange approvals. Shares issued remain under a hold period expiring March 13, 2025.

Insiders acquired 1.5 million shares in a related-party transaction exempt from some formal requirements under Regulation 61-101. The private placement's market value did not exceed 25% of Vior's capitalization.