Vior Completes a Private Placement With Aurvista Gold Corporation

27.09.2010  |  Marketwired

QUEBEC, CANADA -- (Marketwire) -- 09/27/10 -- SOCIETE D'EXPLORATION MINIERE 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.

Profile

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.

Contacts:

Vior inc.

Claude St-Jacques - President

418-692-2678
cstjacques@vior.ca
www.vior.ca

SEDAR: Société d'exploration minière Vior inc.