Vior Inc.: Signing of an Agreement With Northern Abitibi Mining Corporation
22 Febrero 2011 - 9:31AM
Marketwired
SOCIETE D'EXPLORATION MINIERE VIOR INC. (TSX VENTURE:
VIO)(FRANKFURT: VL5) - is pleased to announce the signing of an
agreement with Northern Abitibi Mining Corporation ("Northern
Abitibi").
Pursuant to this agreement, Vior will acquire Northern Abitibi's
50% participating interest in the NW/JV property. This property is
comprised of 80 claims and is adjacent to the Douay property, owned
by Vior, and where Aurvista Gold Corporation has the option to earn
up to a 100% participating interest. Northern Abitibi will receive
in compensation $75,000 in cash, 750,000 shares of Vior's share
capital, and a 1.5% net smelter royalty (NSR), half of which
(0,75%) can be bought back at any time for $1 million.
Vior already holds a 25% participating interest in the NW/JV
property, and the other 25% is held by SOQUEM.
The agreement is subject to the approval of regulatory
authorities.
About Northern Abitibi
Northern Abitibi is an exploration company focused on developing
its properties, most notably its Viking Gold property in
Labrador.
About Vior
Vior is a mining exploration company focused on developing its
properties. The company owns 75% of the Douay property as well as
other quality exploration projects.
The TSX Venture Exchange (TSX Venture) does not accept
responsibility for the adequacy or accuracy of this Press
Release.
Contacts: Vior Inc. Claude St-Jacques President 418-692-2678
cstjacques@vior.ca www.vior.ca Vior Inc. Marc L'Heureux
Vice-president Exploration 418-692-2678 mlheureux@vior.ca SEDAR :
Societe d'exploration miniere Vior inc.
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