Vior: Closing of a Private Placement and Update on Exploration Activities
(firmenpresse) - QUEBEC, CANADA -- (Marketwire) -- 12/21/12 -- SOCIETE D'EXPLORATION MINIERE VIOR INC. (TSX VENTURE: VIO)(FRANKFURT: VL5)
Closing of a private placement of $100,045
Vior (TSX VENTURE: VIO)(FRANKFURT: VL5) announces that it has completed a private placement of $100,045 with qualified investors pursuant to which VIO issued 1,819,000 flow-through units at a price of $0.055 per unit.
In the placement, Vior has paid a fee of intermediation of $ 2,000.90. The securities issued in the framework of the placement are subject to a hold period of four months expiring April 21, 2013.
The proceeds of this offering will be allocated to exploration work on the properties of the Company in Quebec.
Up-date on exploration activities
Beauchastel
Vior Inc. (TSX VENTURE: VIO)(FRANKFURT: VL5) recently signed a letter of intention with Falco Pacific Resource Group (TSX VENTURE: FPC) to sell 100% interest of the 34-claim (1,331 Ha) Beauchastel property. General terms of the acquisition are for Falco Pacific to pay Vior $100,000 and issue 150,000 common shares, subject to a pooling agreement, on closing of the agreement. Vior will retain an NSR varying between 1% and 2% on various claims, with no buy-back below 1%. The transaction is subject to completion of a definitive agreement with Falco Pacific and approval of the TSX-V Exchange.
Other properties
Vior has also recently completed a till sampling survey as well as a limited B-horizon soil sampling survey on its respectively, Ligneris and Vezza-Noyard properties. The purpose of those surveys was to identify new gold exploration targets which will be followed-up in the field in 2013. The two properties are wholly-owned by the Company. Results are pending.
This press release was reviewed by Mr. Marc L'Heureux who is the Company's Qualified Person under National Instrument 43-101.
Profile
Vior's strategy is to generate, explore and develop quality projects in the best proven an accessible mining areas. Vior owns approximately 34% of the share capital of Aurvista Gold Corp. (TSX VENTURE: AVA), the owner of the gold Douay project, which contains a NI43-101 compliant Mineral Resource of 114,652,000 million tonnes at 0.75 g/t gold (2.8 million ounces of gold) in the Inferred category and 2,689,000 tonnes at 2.76 g/t gold (238,433 ounces of gold) in the Measured and Indicated category, at a cut-off of 0.3 g/t gold.
Neither the 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:
Claude St-Jacques
President
418 692 2678
Web Site :
Marc L'Heureux
Vice-president Exploration
450 746 1771
SEDAR :
Societe d'exploration miniere Vior inc.
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Unternehmensinformation / Kurzprofil:
Datum: 21.12.2012 - 19:13 Uhr
Sprache: Deutsch
News-ID 215394
Anzahl Zeichen: 0
contact information:
Town:
QUEBEC, CANADA
Kategorie:
Mining & Metals
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"Vior: Closing of a Private Placement and Update on Exploration Activities"
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