MONTREAL, QUEBEC--(Marketwire - May 5, 2011) -SIRIOS RESOURCES INC.(TSX VENTURE:SOI)completed today the second and final closing of the non-brokered private placement with accredited investors as previously announced. An additional amount of $300,960 was subscribed for this closing and is composed of 325,555 A Units at $0.09 and 2,263,838 B Units at $0.12 bringing the total of the placement to $829,260. In total, 7 955 505 Common Shares were issued as well as 5,123,882 warrants.
Finder's fees totaled $3,200 during this financing. The president of the Company subscribed for an amount of $10,800.
There will be a hold period of four months on all securities issued under this financing. The TSX Venture has conditionally approved the private placement.
The proceeds of this placement will be used by Sirios for exploration activities on its main precious metal properties, as well as for general purposes. Please refer to the March 23, 2011 press release as well as Sirios' web site for additional information.
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.
Contact Information:
(514) 510-7961
(514) 510-7964 (FAX)
ddoucet@sirios.com
Frederic Sahyouni, CFO
(514) 510-7961
(514) 510-7964 (FAX)
fsahyouni@sirios.com
www.sirios.com