MONTREAL, QUEBEC–(Marketwired – Nov. 5, 2013) – SIRIOS RESOURCES INC. (TSX VENTURE:SOI) completed today the second closing of the private placement, as previously announced on September 23, 2013. An additional amount of $208,000 was subscribed for and is composed of 787,500 Units, and 1,450,000 Flow-through Shares, bringing the total of the placement to $400,000. In total, 4,500,000 Common shares and 2,500,000 warrants were issued in this placement. A Director of the Company participated in the second closing for an amount of $5,000. Each warrant entitles its holder thereof to subscribe for one Common Share at $0.12 per share for a period of 12 months after the closing date of the private placement.
For the second closing, Sirios paid a finder’s fee in cash of $11,200 and issued finder’s warrants entitling the holder to purchase 100,000 Common Shares at a price of $0.10 per share for a period of 12 months. The TSX Venture has conditionally approved the private placement.
The proceeds of this placement will mainly be used by Sirios to complete the diamond drilling campaign on its Cheechoo gold project located in James Bay, as well as for general purposes. 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.
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Dominique Doucet, CEO