MONTREAL, QUEBEC–(Marketwired – June 10, 2014) – SIRIOS RESOURCES INC. (TSX VENTURE:SOI) («Sirios») and KHALKOS EXPLORATION INC. (TSX VENTURE:KAS) («Khalkos») announce the signing of an agreement concerning a share-based payment of the due debt of Khalkos to Sirios. Khalkos has agreed to issue to Sirios 2,625,438 common shares at $ 0.07 per share to settle a debt of $ 183,781.
The shares to be issued will be subject to a holding period of four months and a day, and once the transaction is completed, Khalkos will have repaid all of its debt to Sirios. Sirios, who holds 5,393,931 shares of Khalkos, will therefore increase its position to 8,019,369 shares representing 24.88% of the share capital of Khalkos.
This transaction is subject to the approval of the TSX Venture Exchange.
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.
For more information:
Dominique Doucet, CEO