MONTREAL, QUEBEC–(Marketwire – May 13, 2009) – SIRIOS RESOURCES INC. (TSX VENTURE:SOI) reports its intent to undertake a non-brokered private placement by means of an offering memorandum in the province of Quebec.
This placement consists of a maximum of 783 A units and 717 B units of SIRIOS for a maximum amount of $1,500,000. The A unit price is $1,000 and each unit consists of 8,500 Common Flow-Through Shares at $0.11765 per share, and 4,250 warrants. The B unit price is $1,000 and each unit consists of 11,000 Common Shares at $0.09091 per share and 11,000 warrants. Each warrant will entitle its holder thereof to subscribe for one Common Share at $0.15 per share for a period of 12 months after the closing date and at $0.17 during the following 12 months. The proceeds of this placement will mainly be used by SIRIOS for exploration activities on its ESCALE gold property, and on the new COGNAC gold-copper property, as well as for general purposes.
Sirios can pay certain intermediaries a finder’s fee in cash based on the subscriptions introduced by those intermediaries, up to a maximum of 10% of the total amount of subscriptions introduced.
There will be a hold period of 4 months on all securities issued under this financing. The TSX Venture has conditionally approved the private placement.
All those interested by this private placement should contact the Company.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For more information:
Dominique Doucet, CEO