MONTREAL, QUEBEC, CANADA–(CCNMatthews – April 27, 2007) – SIRIOS RESOURCES INC. (TSX VENTURE:SOI) announces that it closed today the brokered placement announced on April 12, 2007 for an amount of C$ 2,000,000. A total of 5,405,405 Units comprised of one Common Share of SIRIOS at a price of $0.37 and one-half warrant were subscribed. Each full warrant will entitle its holder thereof to purchase one Common Share of SIRIOS at $.50 for the next 12 months and at $0.60 for a further 12 months.
This offering was made to accredited investors, within the meaning of National Instrument 45-106, residing in the Provinces of Ontario, and Quebec, in reliance upon applicable exemptions from registration and prospectus requirements.
All securities issued pursuant to this offering are subject to a hold period of four months from the date of closing. A cash commission equal to 8% of the gross proceeds, as well as agent’s broker warrants entitling the purchase of that number of Units equal to 10% of the Units sold pursuing to the offering, at a price of $0.37 per Unit, was paid by the Corporation to Becher McMahon Capital Markets Inc.
The proceeds from this placement will be used by SIRIOS for exploration mainly on its PONTAX (silver), KUKAMES (gold) and TILLY (molybdenum) properties, all located in the James Bay Area of Quebec, as well as for general purposes and working capital. Please refer to the SIRIOS’ web site for additional information on those properties.
The TSX-V has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For more information:
Dominique Doucet, CEO