NEWS RELEASE TRANSMITTED BY CCN NEWSWIRE
FOR: SIRIOS RESOURCES INC.
CDNX SYMBOL: SOI
JANUARY 24, 2002 – 16:42 EST
SIRIOS RESOURCES INC.: DIOS’ Shares Distribution to
MONTREAL, QUEBEC, CANADA–It is with enthusiasm that officers of
SIRIOS RESOURCES INC. announce the distribution of 1,972,220
Common Shares of DIOS EXPLORATION INC. to SIRIOS’ registered
shareholders at the close of business on February 4, 2002 (“the
Record Date”). The SIRIOS’ Common Shares will trade on an
ex-dividend basis from January 31st, 2002, the first trading day
of DIOS’ Common Shares on CDNX. Therefore, investors wishing to
participate in the DIOS’ Shares distribution must buy SIRIOS’
Common Shares through the Exchange before the close of business on
January 30, 2002.
SIRIOS’ Shareholders will receive approximately 0,08 DIOS’ Common
Share for each SIRIOS’ Common Share held. For example, for each
100 SIRIOS’ Common Shares their holder thereof shall be entitled
to receive approximately 8 DIOS’ Common Shares subject to
adjustments resulting from the exercise of warrants or options
before January 30, 2002. No fraction of share will be issued and
the number of shares shall be rounded up. Share certificates
shall be delivered on or around February 11, 2002.
After the Record Date, 24 % of DIOS’ issued and outstanding Common
Shares will be held by SIRIOS (1,292,591 Common Shares) which
will be its largest shareholder.
SIRIOS, one of the most dynamic mining exploration companies in
Quebec, was granted Prospector of the Year by the QPA, for its
gold and base metals discoveries in the James Bay area. SIRIOS
has 24,310,241 Common Shares issued and outstanding trading on
CDNX under symbol SOI.
DIOS, a very active player in Eastern Canada Diamond Play, holds
100% interest in 1,622 sq. kilometers of high potential properties
for diamond discovery within the Superior Craton: Scholfield,
Ontario, and 33 Carats, Wemindji, Hotish, Quebec. DIOS’ Common
Shares shall be listed under DOS on CNDX on January 31, 2002.
For more information:
Dominique Doucet, CEO