MONTREAL, QUEBEC–(Marketwire – Nov. 1, 2007) – SIRIOS RESOURCES INC. (TSX VENTURE:SOI) reports its intent to undertake a non-brokered private placement with an accredited investor. This placement consists of 416,667 Units of the Company for gross proceeds to the Company of $100,000. The unit price is $0.24 and each unit will consist of one Common Share and one-half warrant. Each warrant will entitle its holder to subscribe for one Common Share at $0.30 per share for a period of 12 months after the closing date and at $0.35 during the next 12 months. The proceeds of this placement shall be used by SIRIOS 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