Vior's Strategic Private Placement: Fueling Exploration and Growth

Vior Inc. (TSXV: VIO, OTCQB: VIORF, FRANKFURT: VL51) has announced a "best efforts" private placement, raising C$19,313,000 through the issuance of hard dollar units and charity flow-through units. This strategic move will enable Vior to advance its exploration programs, particularly at its flagship Belleterre Gold Project, and strengthen its financial position.

The private placement consists of hard dollar units, each comprising one common share and one common share purchase warrant, and charity flow-through units, each consisting of one flow-through share (qualifying as a "flow-through share" under the Income Tax Act (Canada) and the Taxation Act (Québec)) and one warrant. The gross proceeds from the sale of charity flow-through units will be used to incur eligible Canadian exploration expenses, which will be renounced in favour of the relevant purchasers for both federal and Québec tax purposes.

Osisko Mining Inc. (now Windfall Mining Group Inc.) participated in the private placement, subscribing to 16,560,000 hard dollar units and 19,840,000 subscription receipts. This significant investment by a well-respected mining company demonstrates Osisko's confidence in Vior's management team, projects, and growth prospects. Following the closing, Osisko will own approximately 13.63% of the issued and outstanding common shares of Vior on an undiluted basis, and 14.66% on a partially diluted basis, presuming the exercise of all warrants held by Osisko.



The funds raised from the private placement will be used to fund Vior's exploration programs, with an emphasis on its Belleterre Gold and Lithium projects in Quebec. This allows Vior to accelerate its exploration activities and increase the likelihood of discovering new mineral resources. The Corporation plans to execute a minimum exploration budget of C$13 million over 2024/2025, which includes an extensive +60,000m drill program at the Belleterre Gold Project.

Vior's strategic support from Osisko Mining in advancing the Belleterre Gold Project, through the execution of a +60,000 metre drill program, can lead to the discovery of new gold deposits and potentially increase the project's mineral reserves. This can significantly improve Vior's future growth prospects and create value for shareholders.

In conclusion, Vior's "best efforts" private placement has raised C$19,313,000, which will be used to fund the Corporation's exploration programs, particularly at its flagship Belleterre Gold Project. The participation of Osisko Mining in the private placement demonstrates the company's confidence in Vior's management team, projects, and growth prospects. The funds raised will enable Vior to accelerate its exploration activities and potentially discover new mineral resources, enhancing the Corporation's future growth prospects.