Vior Inc. (TSE:VIO) has released an update.
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Vior Inc., a Montreal-based company, has announced a private placement offering to raise $20 million through the sale of securities, with an expected $13 million from flow-through units (FT Units) and $7 million from hard units and subscription receipts. Each type of unit is offered at different prices and comprises common shares and share purchase warrants, with the proceeds earmarked for their Belleterre Gold Project exploration and general corporate purposes. An additional 15% over-allotment option is available for the agents up to two days before the offering closes.
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