Vior Completes Two Private Placements and Welcomes a New Board Member
March 19 2009 - 10:55AM
Marketwired
(TSX VENTURE: VIO)(FRANKFURT: VL5) - Societe d'exploration miniere
Vior inc. ("Vior") is pleased to announce the closing of a private
placement of $99,960 $ with SODEMEX II, accredited investors and a
director, through the issuance of 1,249,500 common shares of Vior
at a price of $0.08 per share and 624,750 warrants. Each warrant
entitles its holder to purchase one share at a price of $0.10 until
March 18, 2010, and thereafter at a price of $0.15 per share until
March 18, 2011. The common shares and the attached warrants are
subject to a hold period ending on July 19, 2009. Net proceeds from
this placement will be used for general working capital purposes.
Vior also announces the closing of a private placement of
$150,000 with accredited investors through the issuance of
1,250,000 flow-through common shares at a price of $0.12 per share.
Net proceeds (5% finder's fee deducted) will be used to finance
exploration on the company's properties.
Furthermore, Vior is pleased to welcome Mr. Jean-Francois
Ouellete to its Board. Mr. Ouellette holds a Geology degree from
the Universite du Quebec in Montreal and counts more than 20 years
of experience in mining exploration. After several years of working
as a project geologist and an exploration manager for the
Vior-Mazarin mining group, he started his own company, Services
Techniques Geonordic Inc., a consultancy firm specializing in
mineral exploration in northern territorries. Mr. Ouellette is
co-recipient of the Bill Dennis Award, prospector of the year,
awarded by the PDAC for the discovery of the Eleonore gold deposit.
He is currently serving as Vice-President of the Quebec Mining
Exploration Association.
Profile
Vior is a growing mining company focused on developing its
properties. The company wholly owns the Douay Ouest gold project
and other mineral properties.
Sedar: Societe d'exploration miniere Vior inc.
Neither 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.
Contacts: Vior Inc. Claude St-Jacques President 418-692-2678
cstjacques@vior.ca www.vior.ca
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