MONTREAL, CANADA–(CCNMatthews – Dec. 21, 2006) – SIRIOS RESOURCES INC. (TSX VENTURE:SOI) reports the closing of a non-brokered private placement with SOCIETE EN COMMANDITE CGE RESSOURCES, which subscribed a total of 217,391 units of SIRIOS, for gross proceeds to the Company of C$100,000. The price is $0.46 per unit and each unit consists of one flow-through Common Share and a one-half warrant, one whole warrant entitling its holder thereof to subscribe for one Common Share at $0.50 per share for a period of 12 months after the closing date and at $0.55 during the 12 months thereafter.
There is a hold period of 4-months and one (1) day on all shares issued. There were no remuneration paid in respect of this financing, either in cash or shares. Due diligence fees totaling C$ 4,400 were paid by SIRIOS to Societe en commandite CGE Ressources. The proceeds of this placement shall be used by SIRIOS mainly for exploration activities on its James Bay properties.
SHAREHOLDER RIGHTS PLAN APPROVED BY SHAREHOLDERS
SIRIOS confirms that the Rights Plan, adopted by the Board of Directors and effective as of November 16, 2006, was ratified by the shareholders at the General Annual and Special Meeting held on December 15, 2006. Please refer to the November 17, 2006 Press Release for additional information.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For more information:
Dominique Doucet, CEO