SOURCE: Sidon International Resources Corporation

January 10, 2011 13:16 ET

Sidon Director to Invest One Million Dollars in Company

EVERETT, WA--(Marketwire - January 10, 2011) -

Sidon International Resources Corporation / Sidon Director to Invest One Million Dollars in Company Processed and transmitted by Thomson Reuters. The issuer is solely responsible for the content of this announcement.

SIDON INTERNATIONAL RESOURCES CORP. (TSX-V: SD) (FWB: SY7) (PINKSHEETS: SIDNF)


Sidon International Resources Corp. ("the Company") reports Souhail "Abby" Abi- Farrage, Director of the Company, has now confirmed his intention to enter into a Private Placement Subscription Agreement (the "Agreement") with the Company. Hereunder, he will use commercially reasonable efforts to subscribe for a placement of common shares of the Company for an aggregate C$1,000,000. Under the Agreement, Mr. Farrage has agreed to subscribe to eight (8) bi-monthly tranches of C$125,000 each, commencing on the date hereof.

Mr. Farrage stated, "I plan this on-going market-priced investment in Sidon International Resources Corp. to ensure the company remains adequately financed while pursuing its exploration program on its gold properties in Tanzania."

The pricing of each bi-monthly tranche will be based on the higher of the discounted weighted average trading price of the Company's common shares for the last five consecutive trading days before the 15(th) day of the month of that period and the discounted closing market price as of the date of announcement.


An equivalent number of warrants priced at a 10% premium to the market will be issued at the same time. The placement of common shares and warrants will be subject to certain mandated hold periods and resale restrictions, and the certificates representing such shares will be legended accordingly.

Each of these quarterly tranches will be subject to regulatory approval.


Sidon International Resources is a junior exploration company currently focussing on the exploration and development of its hard rock and placer gold properties in Tanzania.


ON BEHALF OF THE BOARD

Kamal Alawas

President and Director


We seek safe harbor


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Sidon International Resources Corporation PO Box 1191 Everett United States


Listed: Open Market (Freiverkehr) in Frankfurter Wertpapierbörse;





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Source: Sidon International Resources Corporation via Thomson Reuters ONE

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