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Vior Announces Results of its Special Meeting of Shareholders
MONTREAL, QC / ACCESSWIRE / June 11, 2024 / VIOR INC. ("Vior " or the "Corporation") (TSXV:VIO)(...
About this update from Vior Gold Corporation Inc.
[{"type":"text","content":"Vior Announces Results of its Special Meeting of ShareholdersMONTREAL, QC / ACCESSWIRE / June 11, 2024 / VIOR INC. (\"Vior\" or the \"Corporation\") (TSXV:VIO)(OTCQB:VIORF) and (FRANKFURT:VL51) is pleased to announce the voting results of its Special Meeting of Shareholders (the \"Special Meeting\") held in Montreal, QC, at 11:00 am EDT on June 7, 2024.Control PersonAt the Special Meeting, the disinterested shareholders of the Corporation approved Osisko Mining Inc. (\"Osisko Mining\") as a new \"Control Person\" (as defined in the Corporate Finance Policy of the TSX Venture Exchange (the \"Exchange\")) by 99.98% of the votes cast by the disinterested shareholders of the Corporation present or represented by proxy at the Special Meeting, excluding the common shares of the Corporation (the \"Shares\") held by Osisko Mining and its associates and affiliates, as required by the Exchange policies.Transactions with Osisko MiningFurthermore, at the Special Meeting, the minority shareholders of the Corporation approved (i) the acquisition of the 19,840,000 Subscription Receipts (the \"Subscription Receipts\") at an issue price of $0.125 per Subscription Receipt by Osisko Mining, together with the execution by the Corporation of the previously announced amended Investor Rights Agreement with Osisko Mining, and (ii) the execution by the Corporation of the previously announced Royalty Option Agreement with Osisko Mining, by 99.97% and 99.97%, respectively, of the votes cast by the minority shareholders of the Corporation present or represented by proxy at the Special Meeting, excluding the Shares held by Osisko Mining and its related parties or joint actors, as required by Regulation 61-101 respecting Protection of Minority Security Holders in Special Transactions.Mark Fedosiewich, President and CEO of Vior, stated, \"We are proud to announce the results of this Special Meeting and the continued support of our shareholders. These results signal another milestone towards fulfilling our ambitious strategic goals at our flagship Belleterre Gold Project in Québec. We are confident that we will execute the amended Investor Rights Agreement and the Royalty Option Agreement in the coming days, and that parties will satisfy the required conditions to ensure the conversion of the Subscription Receipts.\"Subscription ReceiptsThe Subscription R...