MONTREAL, QUEBEC–(Marketwire – Nov. 20, 2009) – SIRIOS RESOURCES INC. (TSX VENTURE:SOI)completed today a second and last closing of the non-brokered private placement, announced recently, with accredited investors. An amount of $81,000, composed of 810,000 units with each unit consisting of one common share at 0.10$ and one warrant, was subscribed bringing the placement to a total of $145,000.
Finder’s fees totalled $1,500 for this placement. One SIRIOS officer subscribed for an amount of $6,000.
For this $145,000 placement, SIRIOS issued a total of 1,450,000 common shares and 1,450,000 warrants. Each warrant entitles its holder thereof to subscribe to one Common Share at $0.16 per share for a period of 12 months after the closing date and at $0.18 during the following 12 months.
The proceeds of this placement will be used by SIRIOS for exploration activities on its PONTAX – LITHIUM property as well as for general purposes.
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.
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.
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Dominique Doucet, CEO