NEWS RELEASE TRANSMITTED BY CCN NEWSWIRE
FOR: SIRIOS RESOURCES INC.
CDNX SYMBOL: SOI
MARCH 28, 2002 – 17:50 EST
SIRIOS RESOURCES INC.: Private Placement With SODEMEX
MONTREAL, QUEBEC, CANADA–Officers of SIRIOS RESOURCES INC. are
pleased to announce the signature of a private placement agreement
with “SODEMEX Societe en commandite”. According to the agreement,
SODEMEX will buy 769,231 Common Shares of SIRIOS at $0,13 per
share and a share purchase warrant will be attached to each share.
The warrant will entitle its holder thereof to subscribe one
Common Share at $0.17 per share for a period of 18 months. The
proceeds of this placement shall be used by SIRIOS for general
purposes.
One of the most active mining exploration companies in Quebec,
SIRIOS, granted Prospector of the Year by the QPA, is a very
dynamic junior with some 24,527,577 Common Shares issued and
outstanding, trading on CDNX under SOI. SIRIOS holds a 24%
interest in DIOS EXPLORATION INC. (CDNX – DOS), which is a leader
in diamond exploration in eastern Canada, mainly in the Otish
Mountains area.
The Canadian Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For more information:
Dominique Doucet, CEO
ddoucet@sirios.com
Phone: 514-510-7961
