Vior Inc. Completes $2.5 Million Private Placement

Vior Inc., listed on TSXV:VIO, OTCQB:VIORF, and FRANKFURT:VL51, announced the closure of a $2.52 million non-brokered private placement. The company issued 20,160,000 units at $0.125 each, comprising one common share and half a share purchase warrant. Each full warrant allows the purchase of another share at $0.21 for the next 24 months.

The proceeds of this offering, according to Mark Fedosiewich, President and CEO, will support exploration activities in Quebec, specifically for the Belleterre Gold Project, and for general corporate purposes. The additional funds raised build on a prior round ending March 28, totaling $21.83 million from institutional and individual investors.

All securities issued are subject to a four-month hold period, ending August 19, 2024. The completion of the offering is contingent upon regulatory approvals, including final acceptance by the TSX-V. Finder's fees totaling $113,313 were paid in connection with the offering.