Vior Inc.: Release of 425,000 Escrow Shares
February 12 2009 - 12:42PM
Marketwired Canada
(TSX VENTURE:VIO)(FRANKFURT:VL5) - Societe d'exploration miniere Vior Inc.
announces that a new escrow agreement was entered into with regard to the
release of 425,000 common shares still under escrow as per the escrow agreement
of August 5, 1999.
The new release conditions are as follows:
60 days following the date of this news release 1/10 of the escrow shares
6 months following this date 1/6 of the escrow shares
12 months following this date 1/5 of the escrow shares
18 months following this date 1/4 of the escrow shares
24 months following this date 1/3 of the escrow shares
30 months following this date 1/2 of the escrow shaers
36 months following this date The remaining escrow shares
These new release conditions were conditionally approved by the TSX Venture
Exchange on February 11, 2009, and by the majority of disinterested shareholders
during the December 12, 2008 shareholders annual meeting.
Profile
Vior is a growing mining company focused on acquiring and developing gold
prospects in accessible mining areas of Quebec. The company wholly owns the
Douay project where Geostat completed its National Instrument 43-101 compliant
resource estimate (see press release of November 7, 2007). Geostat estimated an
inferred resource of 1,885,000 ounces of gold and measured resource of 268,000
ounces of gold.
Sedar: Societe d'exploration miniere Vior inc.
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