Monday, September 27, 2010

Mining Stocks ; Vior (TSX VENTURE:VIO) Completes a Private Placement With Aurvista Gold Corporation

Mining Stocks ; Vior  (TSX VENTURE:VIO)  Completes a Private Placement With Aurvista Gold Corporation

QUÉBEC, CANADA--( gold and mining stocks blog ) - Sept. 27, 2010) - SOCIÉTÉ D'EXPLORATION MINIÈRE VIOR INC. (TSX VENTURE:VIO)(FRANKFURT:VL5) – Vior is pleased to announce completion of a private placement totalling $432,000 with Aurvista Gold Corporation ("Aurvista"), Vior's partner on the Douay property. The private placement was completed by issuing 5,400,000 common shares of Vior at a price of $0.08 per share and 4,320,000 share purchase warrants entitling Aurvista to purchase one common share at a price of $0.10 until March 24, 2012.
In connection with the private placement, Vior paid a finder's fee of $30,240 and issued 302,400 non-transferable warrants to purchase same number of common shares at a price of $0.10 per share until September 24, 2013. The securities issued in connection with the private placement are subject to a four-month holding period expiring on January 25, 2011.
The company intends to use the proceeds of the placement for working capital purposes.
Vior is a growing mining company focused on developing its properties. The company owns 75% of the Douay gold project and other mineral properties.

The TSX Venture Exchange (TSX Venture) does not accept responsibility for the adequacy or accuracy of this Press Release.

For more information, please contact
Vior inc.
Claude St-Jacques - President
SEDAR: Société d'exploration minière Vior inc.

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