Mr. John Burzynski of Osisko Mining reports
OSISKO MINING INC. FILES EARLY WARNING REPORT
Osisko Mining Inc. has filed an early warning report in respect of Vior Inc. in connection with Vior's private placement offering of units. Osisko Mining exercised its equity participation right pursuant to an investor rights agreement previously entered into by Vior and the corporation, and subscribed for 1,923,000 units at a price of 13 cents per unit. Each unit is composed of one common share in the capital of Vior and one-half of one common share purchase warrant. Each warrant entitles Osisko Mining to acquire one additional common share at an exercise price of 21 cents per common share for a period of 30 months from the closing date.
Following the closing of the private placement, Osisko Mining will own 6,848,000 common shares and 3,424,000 warrants, representing approximately 7.80 per cent of the issued and outstanding common shares of Vior and 11.26 per cent on a partially diluted basis, presuming the exercise of all warrants held by Osisko Mining.
Osisko Mining acquired the securities of Vior for investment purposes only, intends to review, on a continuous basis, various factors related to its investment, and may decide to purchase additional securities of Vior or may decide in the future to sell all or part of its investment.
This news release is being issued in accordance with National Instrument 62-103 (the Early Warning System and Related Take-Over Bid and Insider Reporting Issues) in connection with the filing of an early warning report dated July 22, 2022. The early warning report has been filed on SEDAR under Vior's issuer profile. To obtain a copy of the early warning report filed by Osisko Mining, please contact John Burzynski at 416-363-8653 or refer to SEDAR under Vior's issuer profile.
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