By Laura Lutz
Washington, Feb. 20 - Vior Inc. completed a private placement of units for C$1 million.
The company sold 5 million units of one share and one warrant to three investors at C$0.20 per unit. Each warrant will be exercisable at C$0.25 until Feb. 14, 2009.
Proceeds of the non-brokered offering will be used for exploration and development of the company's Douay project and for working capital.
Vior is a Quebec City-based gold and metal exploration company.
| Issuer: | Vior Inc.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$1 million
|
| Units: | 5 million
|
| Price: | C$0.20
|
| Warrants: | One per unit
|
| Warrant expiration: | Feb. 14, 2009
|
| Warrant strike price: | C$0.25
|
| Agent: | Non-brokered
|
| Settlement date: | Feb. 20
|
| Stock symbol: | TSX Venture: VIO
|
| Stock price: | C$0.265 at close Feb. 19
|
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