05:19:25 EDT Sun 28 Apr 2024
Enter Symbol
or Name
USA
CA



Sirios Resources Inc (2)
Symbol SOI
Shares Issued 268,331,213
Close 2023-10-17 C$ 0.05
Market Cap C$ 13,416,561
Recent Sedar Documents

Sirios Resources arranges $500,000 private placement

2023-10-17 16:09 ET - News Release

Mr. Dominique Doucet reports

SIRIOS ANNOUNCES A PRIVATE PLACEMENT

Sirios Resources Inc. intends to complete a non-brokered private placement with investors relying on a prospectus exemption pursuant to Regulation 45-106 respecting Prospectus Exemptions for gross proceeds of up to $500,000. This offering consists of the issuance of a maximum of five million common shares of the corporation at a price of five cents per common share and a maximum of 3,125,000 common shares issued as flow-through shares pursuant to Section 66(15) of the Income Tax Act (Canada) and Section 359.1 of the Taxation Act (Quebec), at a price of eight cents per flow-through share.

The gross proceeds of the offering from the sale of the common shares will be mainly used by the corporation for general working capital and other administrative expenses, as the gross proceeds of the offering from the sale of the flow-through shares will be mainly used to finance the exploration work on its Cheechoo gold project.

The common shares and flow-through shares issued under this offering will be subject to a hold period of four months and one day following the closing of the offering. The offering has been conditionally approved by the TSX Venture Exchange, but remains subject to regulatory approval and filings, including final approval of the TSX-V.

About Sirios Resources Inc.

Sirios Resources is a Canadian-based mining exploration company focused on developing its portfolio of high-potential gold and lithium properties in the Eeyou Istchee James Bay region of Quebec.

We seek Safe Harbor.

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