Vior Inc. Closes C$39 Million Private Placement: Fueling Exploration and Growth

Vior Inc. (TSXV: VIO, FRA: VL51), a junior mineral exploration corporation based in Montreal, Canada, has announced the successful closing of a C$39 million private placement. This strategic financing will enable the company to advance its exploration activities, particularly at its flagship Belleterre Gold Project, and support its long-term growth plans. The private placement consisted of hard dollar units and charity flow-through units, with the proceeds allocated to exploration, working capital, and general corporate purposes.

The Belleterre Gold Project, a district-scale project that includes Quebec's past-producing high-grade Belleterre gold mine, is a promising target for Vior. The company has conducted extensive surface and compilation exploration at the project and is currently executing on a +60,000-meter drill program. The funding from the private placement will support this ongoing exploration work and help advance the project towards the discovery of the next major gold deposit in Québec.

Vior's strategic partnership with Osisko Mining Inc. (now Windfall Mining Group Inc.) has been instrumental in the company's success. Osisko Mining participated as a significant subscriber in the private placement, demonstrating its confidence in Vior's exploration potential and commitment to supporting the company's growth. This partnership, along with Vior's experienced management and technical teams, sets the company apart from other junior mineral exploration companies in the region.

The proceeds from the private placement will be allocated as follows:

* Approximately C$30,000,000 will be raised from Hard Dollar Units, which will be used for advancing the exploration of the Corporation’s flagship Belleterre Gold Project as well as other exploration projects and for working capital and general corporate purposes.
* Approximately C$10,000,000 will be raised from Charity FT Units, which will be used to incur expenses described in paragraph (f) of the definition of “Canadian exploration expense” (“CEE”) in subsection 66.1(6) of the Income Tax Act (Canada) (the “Tax Act”) and paragraph (c) of the definition of CEE in section 395 of the Taxation Act (Québec) (the “QTA”). These expenses will also qualify as “flow-through mining expenditures” as defined in subsection 127(9) of the Tax Act for the purposes of the federal tax credit described in paragraph (a.2) of the definition of “investment tax credit” in subsection 127(9) of the Tax Act.




In conclusion, Vior Inc.'s C$39 million private placement is a significant step towards achieving the company's strategic goals and long-term growth plans. The funding will support the exploration of the Corporation’s flagship Belleterre Gold Project and other exploration projects, as well as working capital and general corporate purposes. Vior's strategic partnership with Osisko Mining Inc. and its experienced management and technical teams position the company well to succeed in its exploration efforts and capitalize on the favorable mining jurisdiction of Québec.