MONTREAL, QUEBEC–(Marketwire – Nov. 7, 2011) – SIRIOS RESOURCES INC. (TSX VENTURE:SOI) would like to clarify certain aspects in regards to the distribution of shares of its subsidiary, Khalkos Exploration Inc., to Sirios’ shareholders. If approved by regulating authorities and by the shareholders during the annual and special shareholders’ meeting on December 1st, all shareholders will keep their shares of Sirios and in addition will receive shares of Khalkos at a ratio of one share of Khalkos for every batch of 20 shares of Sirios held. This is by no means a consolidation of Sirios’ capital-stock. Sirios’ management believes that the suggested process greatly favours shareholders. For example, a Sirios shareholder that holds one hundred thousand (100,000) shares will receive five thousand (5,000) shares of Khalkos all while maintaining their shares of Sirios.
This distribution plan to Sirios’ shareholders project would be executed in parallel with the initial public offering (IPO) of Sirios’ subsidiary Khalkos (press release October 31, 2011).
For more information regarding the distribution process, please refer to the information circular available on Sirios’s website at following link:
Moreover, Sirios’ management would gladly give more information by telephone at: 514-510-7961.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information:
Dominique Doucet, CEO