MONTREAL, QUEBEC–(Marketwire – June 19, 2009) – A correction from source is issued with respect to the news release that was disseminated on June 18th at 2:25 PM EDT. In the second paragraph, the amount of fees should have read $17,000 instead of $5,100. The complete and corrected version follows.
SIRIOS RESOURCES INC. (TSX VENTURE:SOI) completed today a second and last closing of the non-brokered private placement by means of an offering memorandum as announced on May 13, 2009. An amount of $360,000 composed of 235 A Units and 125 B Units at $1,000 per unit was subscribed, bringing the placement to a total of $616,000.
Finder’s fees totalled $17,000 for this placement. Two SIRIOS officers and one director subscribed for a total amount of $48,000 (48 A Units).
The placement overall consisted of 340 A units and 276 B units of Sirios for a total amount of $616,000. SIRIOS has already issued, or will issue in the next few days, a total of 2,890,000 Common Flow-Through Shares at $0.11765 per share, 3,036,000 Common Shares at $0.09091 per share and 4,481,000 warrants. Each warrant will entitle its holder thereof to subscribe for one Common Share at $0.15 per share for a period of 12 months after the closing date and at $0.17 during the following 12 months.
The proceeds of this placement will mainly be used by SIRIOS for exploration activities on its ESCALE gold property, and on the new COGNAC gold-copper 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.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For more information:
Dominique Doucet, CEO