06:55:09 EDT Thu 18 Apr 2024
Enter Symbol
or Name
USA
CA



Societe D'exploration Miniere Vior Inc
Symbol VIO
Shares Issued 44,759,267
Close 2019-08-02 C$ 0.115
Market Cap C$ 5,147,316
Recent Sedar Documents

Vior CEO Fedosiewich acquires 9,000 shares

2019-08-02 10:30 ET - News Release

Mr. Mark Fedosiewich reports

MARK FEDOSIEWICH ACQUIRES SHARES OF SOCIETE D'EXPLORATION MINIERE VIOR INC.

Mark Fedosiewich, president, chief executive officer and a director of Societe d'Exploration Miniere Vior Inc., directly acquired on July 30, 2019, 9,000 common shares of the corporation in the secondary market. Out of the 9,000 common shares, 5,000 common shares were acquired at a price of 9.5 cents per share and 4,000 common shares were acquired at a price of 10 cents per share.

Immediately prior to the closing of the transaction, the acquiror held, directly or indirectly: (i) 5,304,000 common shares of the corporation, representing 11.98 per cent of the issued and outstanding common shares; (ii) warrants entitling the acquiror to purchase up to 1.5 million common shares of the corporation; and (iii) options entitling the acquiror to purchase up to one million common shares of the corporation. Assuming the exercise of all warrants and options held by the acquiror, prior to the closing of the transaction, the acquiror would have owned 7,804,000 common shares, representing, on a partially diluted basis, 16.69 per cent of the corporation's common shares that would have then been issued and outstanding.

Immediately following the closing of the transaction, the acquiror together holds, directly or indirectly: (i) 5,313,000 common shares of the corporation, representing 12 per cent of the issued and outstanding common shares; (ii) warrants entitling the acquiror to purchase up to 1.5 million common shares of the corporation; and (iii) options entitling the acquiror to purchase up to one million common shares of the corporation. Assuming the exercise of all warrants and options held by the acquiror, following the closing of the transaction, the acquiror would own 7,813,000 common shares, on a partially diluted basis, representing 16.71 per cent of the corporation's common shares that would then be issued and outstanding.

The acquiror acquired the shares described in this press release for investment purposes, and, in accordance with applicable securities laws, the acquiror may, from time to time and at any time, acquire additional shares and/or other equity, debt, or other securities or instruments of the corporation in the open market or otherwise, and he reserves the right to dispose of any or all of his securities in the open market or otherwise at any time and from time to time, as well as to engage in similar transactions with respect to the securities, the whole depending on: market conditions; the business and prospects of the corporation; and other relevant factors.

The shares described in this press release were directly acquired by Mr. Fedosiewich.

A copy of the early warning report to be filed by the acquiror in connection with the transaction described above will be available on SEDAR under the corporation's profile. This news release is issued under the early warning provisions of the Canadian securities legislation.

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