MONTREAL, QUEBEC–(Marketwire – June 23, 2011) –SIRIOS RESOURCES INC. (TSX VENTURE:SOI) completed today the closing of the non-brokered private placement through Burgeonvest-Bick Securities Limited with accredited investors as previously announced. An amount of $1,833,600 was subscribed for and is composed of 3,573,333 A Units at $0.09 and 15,120,000 B Units at $0.10.
Finder’s fees of $146,688 as well as 1,228,800 broker warrants entitling the purchase of Common Shares at a price of $0.09 per Share for one year were paid to Burgeonvest-Bick Securities Limited.
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