MONTREAL, QUEBEC–(CCNMatthews – Dec. 9, 2005) – SIRIOS RESOURCES INC. (TSX VENTURE:SOI) increases its non-brokered private placement announced on December 7. The placement now consists of a maximum of 525 A units and 125 B units of the Company for gross proceeds to the Company of a maximum of $650,000. This placement will be undertaken with accredited investors, directors and with a maximum of ten shareholders.
The A unit price is $1,000 and each unit will consist of 4,200 Common Flow-Through Shares at $0.22 per share, 400 Common Shares at $0.189 per share and 2,500 warrants. The B unit price is $1,000 and each unit will consist of 5,300 Common Shares at $0.189 per share and 5,300 warrants. One warrant will entitle its holder thereof to subscribe for one Common Share at $0.23 per share for a period of 12 months after the closing date and at $0.26 during the next 12 months.
The proceeds of this placement shall be used by SIRIOS for exploration activities on its properties and for general purposes.
This private placement is subject to regulatory approval and filings.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For more information:
Dominique Doucet, CEO