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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?


To: LoneClone who wrote (47897)11/23/2009 8:41:16 PM
From: LoneClone  Read Replies (1) | Respond to of 195650
 
Vior Obtains Authorization to Complete a Bulk Sample on its Douay Ouest Property and Completes a $150 000 Financing With a Fund
Mon Nov 23, 11:11 AM

ca.news.finance.yahoo.com

QUEBEC, CANADA--(Marketwire - Nov. 23, 2009) - SOCIETE D'EXPLORATION MINIERE VIOR INC. (TSX VENTURE: VIO.V)(FRANKFURT:VL5) - closed on November 17, 2009 a private placement with a fund from Toronto for gross proceeds of $150,000 consisting of a total of 1,153,946 flow-through common shares at a price of $0.13 per share.

The financing was negotiated and completed through Anthem Capital Group Inc. and Barrington Capital Corp., who each received a finder's fee of $5,250 in cash and 40,384 non-transferable share purchase warrants. Each warrant entitles its holder thereof to subscribe to one common share of Vior at a price of $0.13 for a period of two years from the closing date.

Under applicable securities legislation, all securities issued under this private placement are subject to a four-month holding period ending March 18, 2010.

Vior has also obtained from the Ministere des Ressources naturelles et de la Faune du Quebec the authorization to complete a bulk sample on its Douay Ouest property.

ABOUT VIOR

Vior is a growing mining company focused on developing its properties. The company wholly owns the Douay Ouest gold project and other mineral properties.

Neither 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
Vior inc.
President & chief executive officer
418-692-2678
cstjacques@vior.ca
www.vior.ca