Vior Issues Option Agreement Shares to Osisko Mining Inc.

MONTRÉAL, QC / ACCESSWIRE / August 28, 2024 / Vior Inc. has issued 576,923 common shares to Osisko Mining Inc. This issuance satisfies the third anniversary payment obligation as per the Option Agreement for the Blondeau-Guillet gold property, located in Quebec's Abitibi-Témiscamingue region. The issuance has been approved by the TSXV and is subject to a 4-month plus one day hold period.

Post-issuance, Osisko Mining will hold about 22.30% of Vior's outstanding common shares on an undiluted basis, and approximately 28.19% on a partially diluted basis. This transaction qualifies as a "related party transaction" under MI 61-101 and Policy 5.9 of the TSXV since Osisko holds more than 10% of Vior's shares.

Vior is exempt from the formal valuation and minority shareholder approval requirements under MI 61-101, as the transaction value does not exceed 25% of Vior's market capitalization.