Vior Inc. ( (TSE:VIO) ) has issued an update.
Vior Inc. has successfully closed a C$39 million private placement, which will fund the advancement of its Belleterre Gold Project and other exploration efforts. The financing, led by Stifel Nicolaus Canada Inc. and Desjardins Capital Markets, is seen as a pivotal step for Vior, enabling the company to accelerate its strategic growth plans and expedite drilling activities at high-priority gold targets. The offering’s proceeds will also support working capital and general corporate purposes, with the transaction subject to final approval by the TSX Venture Exchange.
More about Vior Inc.
Vior Inc. operates in the mining industry, focusing on exploration and development projects. The company is primarily engaged in gold exploration, with a significant emphasis on its flagship Belleterre Gold Project and other regional exploration initiatives.
YTD Price Performance: -20.83%
Average Trading Volume: 196,849
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$48.02M
Learn more about VIO stock on TipRanks’ Stock Analysis page.