Vior Inc.
TSX VENTURE : VIO
FRANKFURT : VL5

Vior Inc.

July 17, 2009 15:19 ET

Vior Inc: $100,000 Debenture From Fonds de Solidarite FTQ

QUEBEC CITY, CANADA--(Marketwire - July 17, 2009) - SOCIETE D'EXPLORATION MINIERE VIOR INC. (TSX VENTURE:VIO)(FRANKFURT:VL5) - is pleased to announce the closing of a private placement by way of convertible debenture in the principal amount of $100,000 with Fonds de solidarite FTQ.

The debenture bears interest at the annual rate of 12%, will mature within three years and will be convertible in common share of VIOR at a price of $0.10. VIOR also issued 1 000 000 common share purchase warrants to Fonds de solidarite FTQ. Each warrant will give the right to purchase one common share at a price of $0.12 from the date of closing of the debenture until July 17th, 2010, and thereafter at the price of 0,13 $ until July 18th, 2011. Interest will be payable in cash or common shares. However, no interest will be payable during the first year if the Common Shares of VIOR trade at a price equal or higher than $0.20 during the 20 trading days preceding an interest payment date. During the second and third years, no interest will be payable if the Common Shares trade at a price higher than $0.30 in the 20 trading days preceding an interest payment date.

There will be a hold period of 4-months which will expire on November 18th, 2009, on all securities issued under this financing. There were no finder's fees paid in connection with this financing, which is subject to the approval of the regulatory authorities. The issuance of any share in payment of interest will also be subject to the prior approval of the TSX Venture Exchange.

The proceeds of this placement shall be used by VIOR for exploration activities and for general working capital.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information