MONTREAL, QUEBEC–(Marketwire – May 26, 2010) – SIRIOS RESOURCES INC.(TSX VENTURE:SOI) announces the total sale of the Escale gold property to Virginia Mines Inc. (Virginia) for 55,000 (fifty-five thousand) common shares of Virgina as well as a 0.5% Net Smelter Return purchasable at any time by Virginia for $500,000. At the time of the transaction, Virginia’s shares were evaluated at $7.00 per share, which amounts to a market value of $385,000. Beforehand, Sirios repurchased and consequently eliminated all the Net Smelter Returns on the property for a sum of $12,000, except for a 1% NSR on 11 claims.
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