MONTREAL, QUEBEC–(Marketwire – June 13, 2011) –SIRIOS RESOURCES INC. (TSX VENTURE:SOI) announces the increase of the non-brokered private placement with accredited investors as previously announced on May 12, 2011. The private placement now has a maximum of 6,000,000 A units and 17,500,000 B units for a total amount of $2,290,000. The A Unit price is $0.09 and each unit consists of one Common Share and one warrant. The B Unit price is $0.10 and each unit consists of one Common Flow-Through Share and one quarter of a warrant. The B unit is available only in Canada, excluding the province of Quebec. The financing is expected to be completed before the end of June.
The proceeds of this placement will be used by Sirios for exploration activities on its main precious metal properties, as well as for general purposes.
There will be a hold period of four months on all securities issued under this financing. The TSX Venture has conditionally approved the private placement.
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