QUEBEC CITY, QUEBEC -- (Marketwired) -- 07/25/16 -- SOCIETE D'EXPLORATION MINIERE VIOR INC. (TSX VENTURE: VIO)(FRANKFURT: VL5) -On a press release Aurvista stated today that:
Aurvista acquired the Douay Gold Project in 2011 from Vior. The 2011 agreement provided Vior with a pre-emptive right to subscribe for shares of Aurvista in the event that Aurvista made any share issuances. Vior had wanted to participate in the Private Placement of Aurvista which closed today, but agreed not to participate at the request of Aurvista. In order to compensate Vior for not participating it was agreed that Aurvista would pay Vior C$ 120,000 for this specific offering, with its rights under the 2011 agreement remaining whole and unaffected."
About Vior
Vior is a junior company with a sound balance sheet whose strategy is to generate, explore and develop quality projects in the best proven and accessible mining areas. Over the years, Vior's management and technical team has demonstrated its ability to discover numerous deposits and mineral prospects on its mineral properties.
Vior holds 20,976,012 common shares of Aurvista. Vior is also involved in an option and joint venture agreement on the project with Iluka Foothills Exploration (Canada) Ltd., a wholly owned subsidiary of Iluka Resources Limited (ASX: ILU), the largest producer of the high-grade titanium dioxide products of rutile and synthetic rutile (press release of 9 March 2016). In addition, Vior holds 100% of the Vezza gold property which is adjacent to the mine of the same name.
SEDAR: Societe d'exploration miniere Vior inc.
Neither the TSX Venture Exchange nor its regulation services provided (as that term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Claude St-Jacques
President
418-692-2678
cstjacques@vior.ca
Marc L'Heureux
Vice-president Exploration
450-746-1771
mlheureux@vior.ca
Web site: www.vior.ca
