Mr. Dominique Doucet reports
SIRIOS COMPLETES SECOND AND FINAL TRANCHE OF ITS PRIVATE PLACEMENT FOR ADDITIONAL GROSS PROCEEDS OF $380,750
Sirios Resources Inc. has completed the second and final tranche of its previously announced non-brokered private placement for additional gross proceeds of $380,750 through the issuance of 5,857,693 common shares of the share capital of the corporation. The aggregate gross proceeds of the offering, including proceeds from the first tranche, previously closed on March 27, 2024, are $650,000. A total of 9,999,999 shares at a price of 6.5 cents per share, were issued. The shares were 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).
The gross proceeds of the offering will be mainly used to finance the exploration work on its Cheechoo gold project.
In connection with the second tranche of the offering, finders' fees totalling $8,424 will be paid to a non-arm's-length finder, Mine Equities Ltd., through the issuance of 129,600 shares at a price of 6.5 cents per share. In addition, finders' fees totalling $13,560 were paid to arm's-length finders.
The shares issued pursuant to the second tranche of this offering are subject to a restricted hold period of four months and one day, ending on Aug. 27, 2024, under applicable Canadian laws. The offering has received conditional approval from the TSX Venture Exchange. The offering and issuance of shares as finders' fees remain subject to the final approval of the TSX-V.
About Sirios Resources
Inc.
Sirios is a mining exploration company based in Quebec, focused on developing its portfolio of high-potential gold properties in the Eeyou Istchee James Bay, Canada.
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