Vior Announces the Closing of a $550,000 Private Placement
QUÉBEC, CANADA, December 22, 2017 – SOCIÉTÉ D’EXPLORATION MINIÈRE VIOR INC. (TSX VENTURE (VIO), FRANKFURT (VL5) (the “Company” or “Vior”) – is pleased to announce the closing of a private placement totaling 5,500,000 units (the “Units”) at a price of $0.10 per Unit, for total gross proceeds of $550,000 (the “Offering”).
Each Unit consists of one (1) common share of the Company (a “Share”) and one half (1/2) common share purchase warrant (each whole warrant being a “Warrant”). Each Warrant entitles the holder to acquire one (1) common share of the Company at a price of $0.15 per share for a period of 24 months ending December 20, 2019.
In connection with the Offering, the Company paid finders’ fees totaling $7,800.
The securities issued in connection with the Offering are subject to a four (4) month hold period ending April 21, 2018. The Offering remains subject to the final approval of the TSX Venture Exchange.