Business
Vior Adds to Property Package at Skyfall
MONTREAL, QC / ACCESSWIRE / September 9, 2022 / VIOR INC. ("Vior" or the "Corporation"), (TSX...
About this update from Vior Gold Corporation Inc.
[{"type":"text","content":"Vior Adds to Property Package at SkyfallMONTREAL, QC / ACCESSWIRE / September 9, 2022 / VIOR INC. (\"Vior\" or the \"Corporation\"), (TSXV:VIO)(OTCQB:VIORF)(FRANKFURT:VL51) is pleased to announce that it has executed a Purchase Agreement (the \"Agreement\") with Osisko Mining Inc. (\"Osisko\"), a non arms-length party, to acquire from Osisko a 100-percent interest in 83 claims covering approximately 4,682 hectares next to its Skyfall project, in consideration for the issuance of 107,142 common shares of Vior. Certain claims associated with this Agreement are subject to a 1% Net Smelter Return (\"NSR\") royalty, related to a previous transaction with Osisko Gold Royalties Ltd. This transaction is subject to regulatory approval by the TSX Venture Exchange and the securities to be issued under the Agreement will be subject to a four (4) months and 1 day hold period under applicable securities laws.The entering into the Agreement is considered to be a related party transaction under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (\"MI 61-101\"), but is exempted from the requirements to obtain a formal valuation and to obtain minority approval under MI 61-101. Indeed, Vior is relying on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the consideration payable by Vior under the Agreement does not exceed 25% of it's market capitalization.About Vior Inc.Vior is a hybrid junior mining exploration company based in Quebec, whose corporate strategy is to generate, explore and develop high-quality projects in proven and favourable mining jurisdictions in North America. Through the years, Vior's management and technical teams have demonstrated their ability to discover several gold deposits and many high-quality mineral prospectsFor further information, please contact:Mark FedosiewichPresident and CEOTel.: [email protected] EustacheExecutive Vice-PresidentTel.: [email protected]: www.vior.caSEDAR: Vior Inc.Neither the 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.Forward-Looking StatementsThis news release cont...