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Vior Announces the Closing of a Flow-Through Private Placement and the Completion of the Helicopter-Borne Magnetic Survey at Foothills
Published : March 09, 2015
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QUÉBEC, CANADA--(Marketwired - March 9, 2015) - SOCIÉTÉ D'EXPLORATION MINIÈRE VIOR INC. (News - Market indicators), (FRANKFURT:VL5) (the "Company" or "Vior") - the Company is pleased to announce the closing of the previously announced non-brokered private placement (the "Offering") of flow-through shares (the "Flow-Through Shares") for total proceeds of $84,079.94. Under the Offering, Vior issued 600,571 Flow-Through Shares at a price of $0.14 per Flow-Through Share. Only directors and officers of the Company participated in the Offering.

The securities issued under the Offering are subject to a four-month-hold period ending on July 10, 2015. The Offering is subject to final approval from the TSX Venture Exchange. The proceeds from the Offering will be used by Vior to advance its exploration projects within Québec.

Foothills project

Concurrently, the Company wishes to announce that the high-resolution helicopter-borne magnetic survey has been completed over its Foothills Property, located in St-Urbain, 100 km east of Quebec City.

As noted in the Company's previous press release, exploration surveys carried out in the field in 2014 defined two streaks of rutile-bearing ilmenite blocks spread over a strike length of 9 km in a northwest-southeast direction and a width of 5.5 km. Blocks which contain visually up to 45% rutile have a TiO2 (titanium) content reaching up to 57.6%. Glacial patterns in the area suggest a source of these blocks being located a few kilometers away in the contact zone between the St-Urbain Anorthosite complex and the surrounding gneissic rocks.

The data collected from the helicopter-borne magnetic survey are currently being processed and will be included in the property dataset in order to better pinpoint the potential sources of the rutile-bearing ilmenite blocks. A follow-up field program is slated to commence as early as spring 2015.

This press release was prepared by Mr. Marc L'Heureux, P.Geo. who is the Company's Qualified Person.

Profile

Profile Vior's strategy is to generate, explore and develop quality projects in the best proven an accessible mining areas. Vior owns approximately 29.8% of the share capital of Aurvista Gold Corp., the owner of the gold Douay project, which contains a NI 43-101 compliant Mineral Resource of 114,652,000 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 categories, at a cut-off of 0.3 g/t gold (Aurvista press release of October 16, 2014).

Web site: www.vior.ca

SEDAR: Société d'exploration minière Vior inc.

Neither the TSX Venture Exchange nor its regulation services provided (as that term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Vior Inc

EXPLORATEUR
CODE : VIO.V
ISIN : CA83364M1077
Suivi et investissement
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Vior est une société développant des projet miniers d'or et de cobalt basée au Canada.

Vior détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont NOYARD AND VEZZA, LIGNERIS, LAC SEBASTIEN, DOMERGUE, BEAUCHASTEL, DOUAY NORTHWEST, DOUAY, FECTEAU, BUTEUX et LAC VOLANT au Canada.

Vior est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 5,2 millions CA$ (3,8 millions US$, 3,6 millions €).

La valeur de son action a atteint son plus bas niveau récent le 24 décembre 2008 à 0,02 CA$, et son plus haut niveau récent le 24 décembre 2010 à 1,05 CA$.

Vior possède 32 800 000 actions en circulation.

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Financements de Vior Inc
09/03/2015Announces the Closing of a Flow-Through Private Placement an...
Projets de Vior Inc
22/02/2011(Douay Northwest): Signing of an Agreement With Northern Abitibi Mining Corpo...
09/02/2011(Douay).: Positive Drilling Results at Douay
Communiqués de Presse de Vior Inc
03/08/2015Vior Announces the Closing of a Financing and an Exploration...
20/02/2015Begins High-Resolution Magnetic Survey at Foothills/Company'...
17/02/2015VIOR Announces Completion of a Share Consolidation and the C...
10/02/2015Vior Announces Share Consolidation, Private Placement and Pr...
25/11/2014Vior Acquires New Prospective Rutile-Bearing Titanium Claims
17/10/2014Fresh clashes in Hong Kong as pro-democracy activists regrou...
16/10/2014Hong Kong police clear barricades in Mong Kok area, meet lit...
16/10/2014Hong Kong police clear barricades in densely populated area ...
07/07/2011Postpones Special Meeting of Shareholders to July 20th, 2011
26/05/2011Receives a $1.5 Million Payment From Aurvista Gold Corporati...
30/03/2011.: Aurvista Agreement - Paiement Postponed
09/03/2011Enters Into Definitive Agreements With Aurvista Gold
22/02/2011.: Signing of an Agreement With Northern Abitibi Mining Corp...
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TSX-V (VIO.V)BERLIN (VL5.BE)
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