MONTREAL, QUEBEC–(CCNMatthews – Dec. 12, 2006) – SIRIOS RESOURCES INC. (TSX VENTURE:SOI) reports the closing today of the 252,500 C$ private placement, as announced on November 6.
A total of 250 units have been subscribed mostly by accredited investors and some directors of SIRIOS. The unit sold at 1,010 C$ consisted of 2,700 Common Flow-Through Shares at $0.30 per share, 800 Common Shares at $0.25 per share and 3,500 warrants. Each warrant will entitle its holder thereof to subscribe for one Common Share at $0.32 per share for a period of 12 months after the closing date and at $0.35 during the next 12 months.
There is a hold period of 4-months on all shares issued. A 10% fee was paid to Industrielle Alliance Securities. The proceeds of this placement shall be used by SIRIOS mainly for exploration activities on its Opinaca Area properties and for general purposes.
The TSX Venture has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For more information:
Dominique Doucet, CEO