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Sirios Resources Inc.: Closing of Private Placement for $88,000

Jul 4 2013 12:00AM

Marketwire

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MONTREAL, QUEBEC -- (Marketwired) -- 07/04/13 -- SIRIOS RESOURCES INC. (TSX VENTURE: SOI) completed today the closing of the private placement announced last week. A total amount of $88,000 was subscribed for and is composed of 880,000 Units at $0.10 each including one Common Share and one warrant. Each warrant entitling its holder thereof to subscribe for one Common Share at $0.18 per share for a period of 12 months after the closing date. One officer and one director subscribed for an amount of $34,000 while an institutional shareholder invested $50,000.

There will be a hold period of four months and one day on all securities issued under this financing. No finder's fees were paid for this placement.

The proceeds of this placement is added to the funds recently raised by Sirios for a 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.



Contacts:
Dominique Doucet, President
(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





Source: Marketwire


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