On March 28, 2024, Vior Inc. closed the transaction. The company issued 30,000,000 Hard units at a issue price of CAD 0.125 per hard unit for gross proceeds of CAD 3,750,000, 19,840,000 subscription receipts at a issue price of CAD 0.125 per subscription receipt for gross proceeds of CAD 2,480,000 and 58,800,000 flow-through units at a price of CAD 0.2225 per unit for the gross proceeds of CAD 13,083,000 resulting in aggregate gross proceeds of CAD 19,313,000. 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 company paid CAD 735,352.50 as cash commission to agent and issued an aggregate of 3,360,300 non-transferable compensation warrants, each exercisable to acquire one share at an exercise price of CAD 0.21 per share for a period of 24 months following the Closing Date. The securities issued pursuant to the offering are subject to a statutory hold period of four months and one day in accordance with applicable Canada securities laws ending on July 29, 2024. The transaction included participation from Mark Fedosiewich for 400,000 hard units,certain other directors and senior officers of the corporation as to an aggregate of 1,330,000 hard units and Osisko Mining Inc for 16,560,000 hard units and 19,840,000 subscription receipts