Vior, Goldhurst arrange placement

Vior Inc. (TSE) and Goldhurst Resources (VSE) have agreed to make a private placement involving 750,000 shares of Goldhurst at 30 cents each and a one-year option on an additional 100,000 shares at 35 cents each. The deal will entitle Vior to fill two seats on Goldhurst’s 5-seat board of directors. Regulatory ap proval is required.

Also, Stoico Ivanov, Goldhurst president, has granted Vior a 5-year voting trust on his shares and a 5-year option on 1.25 million shares of Goldhurst at 50 cents each, to be taken down at a minimum rate of 100,000 shares for each of the five years. At the closing of this deal, Vior will be entitled to occupy four board seats. Shareholder and regulatory approval are needed.

Goldhurst owns a 34% equity interest in a placer property in Sonora, Mex., and has a 2% interest in the Mouska property owned by Cambior Inc. (TSE) in northwestern Quebec.