Vior to Sign Two Agreements
June 16 2009 - 10:02AM
Marketwired
(TSX VENTURE: VIO)(FRANKFURT: VL5) - Societe d'exploration miniere.
Vior Inc. ("Vior" or the "Company") is pleased to announce that it
has entered into two agreements.
Agreement with SDBJ
Vior has completed an agreement with the Societe de
developpement de la Baie-James (SDBJ) pursuant to which SDBJ
directly subscribes to a private placement of $100,000 in order to
acquire 1,250,000 units of the Company. Each unit is comprised of
one common share of Vior at a price of $0.08 per share, with a
right to acquire an additional share at the price of $0.10 per
share for the twelve months following the placement, and for $0.13
per share for the 12 - 24 month period following the closing. The
placement allows Vior to advance its bulk sampling project at the
deposit of the Douay Ouest property, while encouraging Vior's
investment in the James Bay territory.
Agreement with Mr. Raynald Vezina
Vior has completed an agreement with Mr. Raynald Vezina pursuant
to which Mr. Vezina will act as a management consultant in the
preparation of a bulk sampling program on the Douay Ouest property.
At the start of the bulk sampling program, where appropriate, Mr.
Vezina will assist the personnel of Vior and manage the operations.
Mr. Vezina is well known and respected in the Canadian mining
industry. He was the former Vice-President of Operations at
Cambior, and has successfully managed the development of many
mines. Mr. Claude St Jacques, Vior's President, is very pleased
that Mr. Vezina has joined Vior's team. Mr. Vezina brings with him
an expertise essential to the fruition of Vior's projects.
Granting of Stock Options
The Company issued 350,000 stock options to Mr. Vezina on June
10, 2009, each with the right to acquire one capital share of the
Company at the price of $0.10. These options are valid for a
five-year period, 100,000 of which are exercisable at any time, and
the remaining 250,000 exercisable after the completion of a bulk
sample on the Douay Ouest property.
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.
The TSX Venture Exchange (TSX Venture) does not accept
responsibility for the adequacy or accuracy of this Press
Release.
Contacts: Vior Inc. Claude St-Jacques, President 418-692-2678
cstjacques@vior.ca www.vior.ca
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