Vior Inc.: Aurvista Agreement - Paiement Postponed
30 Marzo 2011 - 2:30PM
Marketwired Canada
SOCIETE D'EXPLORATION MINIERE VIOR INC. (TSX VENTURE:VIO)(FRANKFURT:VL5) -
announces that at Aurvista Gold Corporation's request ("Aurvista"), it has
agreed to delay the payment due date of the $1,500,000 cash payment to be paid
to Vior as per the agreement announced on March 9, 2011. The due date is
postponed to May 31, 2011. Should Aurvista fail to meet its obligation by May
31, it has agreed to a cash payment of $150,000 as compensation.
It was also agreed that Aurvista has until November 30, 2011 to complete its
initial public offering. A financing is currently in progress.
Profile
Vior is a growing mining company focused on developing its properties. The
company owns a 75% participating interest in the Douay Ouest gold project and
other mineral properties.
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