MONTREAL, QUEBEC–(CCNMatthews – Jan. 18, 2006) – SIRIOS RESOURCES INC. (TSX VENTURE:SOI) negotiated a non-brokered private placement, with SODEMEX II, with the Caisse de depot et placement du Quebec as Limited Partner.
This placement consists of 500,000 Common Shares of SIRIOS at $0.22 per share and 250,000 warrants for a total amount of $ 110,000. One warrant will entitle SODEMEX II to subscribe for one Common Share of SIRIOS at $0.30 per share for a period of 12 months after closing and at $0.40 during a further 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 and to the approval of the Board of SIRIOS.
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