Vior Completes a Private Placement With Aurvista Gold Corporation
September 27 2010 - 12:14PM
Marketwired
SOCIETE D'EXPLORATION MINIERE VIOR INC. (TSX VENTURE:
VIO)(FRANKFURT: VL5) - Vior is pleased to announce completion of a
private placement totalling $432,000 with Aurvista Gold Corporation
("Aurvista"), Vior's partner on the Douay property. The private
placement was completed by issuing 5,400,000 common shares of Vior
at a price of $0.08 per share and 4,320,000 share purchase warrants
entitling Aurvista to purchase one common share at a price of $0.10
until March 24, 2012.
In connection with the private placement, Vior paid a finder's
fee of $30,240 and issued 302,400 non-transferable warrants to
purchase same number of common shares at a price of $0.10 per share
until September 24, 2013. The securities issued in connection with
the private placement are subject to a four-month holding period
expiring on January 25, 2011.
The company intends to use the proceeds of the placement for
working capital purposes.
Profile
Vior is a growing mining company focused on developing its
properties. The company owns 75% of the Douay 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 SEDAR: Société d'exploration minière
Vior inc.
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