Vior Inc.

Vior Inc.

October 13, 2009 13:41 ET

Vior Closes a $300,000 Placement and Has Commissionned a Preliminary Economic Assessment on Douay Ouest

QUEBEC, CANADA--(Marketwire - Oct. 13, 2009) - SOCIETE D'EXPLORATION MINIERE VIOR INC. (TSX VENTURE:VIO)(FRANKFURT:VL5) - announces that it has completed a $300,000 private placement with several investors, of which one insider of the Company for an amount of $20,000, and with CGE Ressources 2009 RX SEC. In total, the Company has issued 2,400,000 flow-through shares at the price of $0.125 per share and 600,000 warrants giving the holder the right to subscribe one share of Vior at the price of $0.18 per share for an 18-month period.

By virtue of the Securities Act, securities issued through the placement are subject to an obligatory 4-month hold period from the date of closing. The Company paid intermediation fees of $5,000 to complete the placement.


Vior hired SGS Geostat from Montreal to complete a NI 43-101 compliant Preliminary Economic Assessment on the Douay Ouest property, located 60 kilometres south of Matagami, province of Quebec. This new economic assessment should be completed by mid-November 2009 with the objective of validating a more optimal all-underground development scenario. The assessment will be based on a new resources estimate taking into account the new mining scenario.

Current 43-101 resources on Douay Ouest are:

Category Tonnage Gold in g/t Ounces Au
Measured 232,000 6.06 45,000
Indicated 627,000 5.57 112,000
Total 859,000 5.70 157,000
Inferred 184,000 4.45 26,000

Geostat's complete and 43-101 compliant report on current resources is available on SEDAR at

The new underground development scenario will be evaluated and validated in order to maximise the use of important existing surface infrastructures, which consists of a head frame with a shaft collared in the bedrock, a main building that shelters offices, a garage and a 1,100-metre capacity hoist, an all-season gravel road and a power line with a station linked to Hydro-Quebec network. These infrastructures have been kept on care and maintenance since their installation by Aurizon Mines in 1997. Vior's management is confident that the preliminary economic assessment will be positive.

Jacquelin Gauthier, geological engineer, Vice President Exploration and a qualified person under Regulation 43-101 respecting standards of disclosure for mineral projects, has reviewed and approved the technical content of this press release.


Vior is a growing mining company focused on developing its properties. The company wholly owns the Douay Ouest gold project and other mineral properties.

The TSX Venture Exchange (TSX Venture) does not accept responsibility for the adequacy or accuracy of this Press Release.

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