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VIOR ANNOUNCES CLOSING OF C$39 MILLION PRIVATE PLACEMENT
VIOR ANNOUNCES CLOSING OF C$39 MILLION PRIVATE PLACEMENT Canada NewsWire /NOT...
About this update from Vior Gold Corporation Inc.
[{"type":"text","content":"\n\n\n\n VIOR ANNOUNCES CLOSING OF C$39 MILLION PRIVATE PLACEMENT\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n\n\n\n\n MONTREAL\n \n\n ,\n \n\n Feb. 27, 2025\n \n\n /CNW/ - VIOR INC. (\"\n \n Vior\n \n \" or the \"\n \n Corporation\n \n \") (TSXV: VIO) (FRA: VL51) is pleased to announce that it has closed its previously announced \"best efforts\" private placement (the \"\n \n Offering\n \n \"), led by Stifel Nicolaus Canada Inc. and Desjardins Capital Markets (the \"\n \n Co-Lead Agents\n \n \"), as co-lead agents and joint bookrunners, together with Raymond James Ltd. (together with the Co-Lead Agents, the \"\n \n Agents\n \n \"). Pursuant to the Offering, the Corporation issued (i) 120,028,887 units of the Corporation (the \"\n \n Hard Units\n \n \") at an issue price of\n \n C$0.20\n \n per Hard Unit and (ii) 42,857,143 charity flow-through units of the Corporation (the \"\n \n FT Units\n \n \") at an issue price of\n \n C$0.35\n \n per FT Unit, for aggregate gross proceeds of\n \n C$39,005,777\n \n .\n \n\n\n\n\n\n\n\n\n Each Hard Unit is comprised of one common share of the Corporation (each, a \"\n \n Share\n \n \") and one common share purchase warrant of the Corporation (each, a \"\n \n Warrant\n \n \"). Each Warrant entitles the holder thereof to purchase one Share at an exercise price of\n \n C$0.28\n \n per Share for a period of 24 months following the closing date of the Offering (the \"\n \n Closing Date\n \n \"). Each FT Unit consists of one Share and one Warrant, each of which qualifies as a \"flow-through share\" within the meaning of Subsection 66(15) of the\n \n Income Tax Act\n \n (\n \n Canada\n \n ) (the \"\n \n Tax Act\n \n \") and Section 359.1 of the\n \n Taxation Act\n \n (Québec) (the \"\n \n QTA\n \n \").\n \n\n The gross proceeds from the sale of FT Units will be used by the Corporation to incur expenses described in paragraph (f) of the defini...