Vior Inc. announced a best efforts private placement of 58,426,966 flow-through units at a price of CAD 0.2225 per unit for the gross proceeds of CAD 12,999,999.935, hard units at a price of CAD 0.125 per unit and subscription receipts at a price of CAD 0.125 per subscription receipt for the combined gross proceeds of CAD 7,000,000; for total gross proceeds of CAD 19,999,999.935 on March 20, 2024. Each Hard Unit will be comprised of one common share of the company and one-half of one common share purchase warrant. Each Warrant will entitle the holder thereof to purchase one Share at an exercise price of CAD 0.21 for a period of twenty-four months following the closing date of the Offering.

Each flow-through unit will consist of one share and one-half of one warrant. Each Subscription Receipt will be automatically exchanged, without any action on the part of the holder thereof, for one Hard Unit upon satisfaction of the Escrow Release Conditions. The only subscriber of Subscription Receipts will be Osisko Mining Inc. insofar as the company must obtain, following the closing date, approvals of the TSX Venture Exchange and the shareholders of the company to authorize the creation of Osisko Mining as a new Control Person.

In the event that the Escrow Release Conditions are not satisfied on or before June 30, 2024, then the Escrowed Funds together with accrued interest earned thereon will be returned to the holder of the Subscription Receipts and the Subscription Receipts will be cancelled. The Offering is scheduled to close on or about March 28, 2024, and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Exchange. The Offered Securities will be subject to a hold period of four-months and one day from the closing date.

Certain insiders of the company are expected to participate in the Offering. it is anticipated that Osisko Mining Inc. will be subscribing to that number of Hard Units that shall result in not more than 19.9% of the then issued and outstanding common shares of the company.