Vior Announces Closing of Additional $2.5 Million Private Placement

MONTREAL, QC / ACCESSWIRE / April 18, 2024 / VIOR INC. ("Vior" or the "Corporation") (TSXV:VIO);(OTCQB:VIORF) and (FRANKFURT:VL51) is pleased to announce that it has closed a non-brokered private placement (the "Offering") for gross proceeds of $2,520,000, by issuing 20,160,000 units of the Corporation (the "Units") at an issue price of $0.125 per Unit. Each Unit is comprised of one common share of the Corporation (each, a "Share") and one-half of one common share purchase warrant of the Corporation (each whole warrant, a "Warrant"). Each Warrant entitles the holder thereof to purchase one Share at an exercise price of $0.21 per Share for a period of 24 months following the closing date of the Offering.

Mark Fedosiewich, President and CEO of Vior, stated, "We are pleased to announce this second finance closing with several institutional funds and high net worth individuals, who were not able to meet the tight closing window of the original March 28, 2024 financing. These combined closings, totalling $21.83M, reinforce the confidence and commitment that well-heeled investors have demonstrated in the Vior team and our flagship Belleterre Gold Project. We are well underway in the permitting for the initial 60,000 metres of drilling, and we anticipate that drills will be turning sometime in June. We look forward to a very busy and exciting news-filled year ahead".

Vior intends to use the net proceeds from this Offering to fund exploration work in Quebec, as well as for working capital and general corporate purposes.

The Units and the Warrants issued in connection with Offering are subject to a four-month and one (1) day hold period expiring on August 19, 2024, pursuant to National Instrument 45-102 - Resale Restrictions and Regulation 45-102 - Resale of Securities and the certificates or DRS advices representing such securities will bear a legend to that effect.

The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the final acceptance by the TSX-V.

In connection with the Offering, the Corporation paid finders' fees totalling $113,313 to arm's length third parties of Vior.

About VIOR
Vior is a junior mineral exploration Corporation based in the province of Québec, Canada, whose corporate strategy is to generate, explore, and develop high-quality mineral projects in the proven and favourable mining jurisdiction of Québec. Through the years, Vior's management and technical teams have demonstrated their ability to discover several gold deposits and many high-quality mineral prospects.