VIO Vior Inc

SOCIETE D'EXPLORATION MINIERE VIOR INC. (TSX VENTURE:VIO)(FRANKFURT:VL5) -
Societe d'exploration miniere Vior Inc. ("Vior") announces that it received from
its partner on the Douay property (the "Property"), Aurvista Gold Corporation
("Aurvista"), the $1.5 million payment contemplated by the agreement dated March
7, 2011, as amended on March 23, 2011 (the "Agreement"). Consequently,
considering that Aurvista has also incurred on the Property exploration
expenditures totalling $2.5 million, Aurvista has therefore acquired an
undivided 50% interest in the Property (see press release dated February 4, 2011
for more details on the transaction between Vior and Aurvista).


Furthermore, Aurvista may now acquire an additional 50% interest in the
Property, thereby acquiring the Property from Vior, on the following conditions:




--  Aurvista must issue a minimum of 21.25 million common shares to Vior. 
    
--  Aurvista shall have completed an initial public offering and a listing
    on the stock exchange before November 30, 2011. 



In light of the foregoing, Vior confirms that its shareholders will be called to
attend a special meeting of shareholders on July 8, 2011 in Quebec City in order
to approve the transaction with Aurvista. The shareholders of Vior will receive
during the month of June a management proxy circular containing detailed
information on the transaction and the special resolution of shareholders to
approve such transaction. 


Profile 

Vior is a mining exploration company focused on developing its properties. The
company owns 50% of the Douay gold project and other mineral properties.


SEDAR: Societe d'exploration miniere Vior inc.

Grafico Azioni Vior (TSXV:VIO)
Storico
Da Apr 2024 a Mag 2024

Grafico Azioni Vior (TSXV:VIO)
Storico
Da Mag 2023 a Mag 2024