Vior Inc. announced a non-brokered private placement of 5,042,017 CMETC flow-through common shares issued at a price of CAD 0.2975 per share for the gross proceeds of CAD 1,500,000.0575 and 3,883,495 METC flow-through common shares at an issue price of CAD 0.2575 per share for the gross proceeds of CAD 999,999.9625; aggregate gross proceeds of CAD 2,500,000 on March 30, 2023. The transaction was conducted by PearTree Securities Inc. In connection with the transaction, the company has paid a cash finder’s fee of CAD 3,045 to an arm’s length third party. The securities issued in the private placement are subject to a restricted hold period of four months and a day, expiring on July 31, 2023. The private placement was carried out pursuant to prospectus exemptions of applicable securities laws and is subject to certain closing conditions, including but not limited to, the receipt of all necessary regulatory approvals, including final approval by the TSX Venture Exchange.

On April 26, 2023, the company announced that the transaction has been approved by the TSX Venture Exchange.