Vior Inc. announced a non-brokered private placement of 20,160,000 units of the Corporation at an issue price of CAD 0.125 per Unit for gross proceeds CAD 2,520,000 on April 18, 2024. Each Unit is comprised of one common share of the Corporation and one-half of one common share purchase warrant of the Corporation. Each Warrant entitles the holder thereof to purchase one Share at an exercise price of CAD 0.21 per Share for a period of 24 months following the closing date of the Offering.

The Units and the Warrants issued in connection with Offering are subject to a four-month and one day hold period expiring on August 19, 2024. The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the final acceptance by the TSX-V. In connection with the Offering, the Corporation paid finders? fees totalling CAD 113,313 to arm?s length third parties.