Sirios announces a Private Placement
TSX-V: SOI
Not for distribution to United States newswire services or for dissemination in the United States
April 16, 2024
Sirios announces a Private Placement
MONTREAL (QUEBEC) – SIRIOS RESOURCES INC. (TSX-V: SOI) (the "Corporation")
announces its intention 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 $1,800,000 (the "Offering"). This Offering consists of the issuance of a
maximum of 30,000,000 Units at a price of $0.06 per Unit. Unit consists of one common share of
the Corporation (a "Common Share") and one Common Share purchase warrant (a " Warrant").
Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of
$0.12 per Common Share for a period of 24 months from the date of issuance thereof.
The net proceeds from the sale of the Units will be mainly used by the Corporation for general and
corporate working capital purposes.
The Common Shares and the Warrants issued pursuant to this Offering will be subject to a restricted
hold period of four months and one day following the closing of the Offering.
Final Closing of the Flow Through Offering
The Corporation also announces its intention to close a second tranche of its flow-through shares
offering (the "FT Offering"), previously announced on March 27, 2024, on or about to April 24,
2024, for aggregate gross proceeds of $650,000, consisting of the issuance of a maximum aggregate
of 10,000,000 Common Shares (the " Flow-Through Shares "), at a price of $0.065 per Flow-
Through Share. The Flow-Through Share will be issued as “ flow-through shares ” pursuant to
section 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec).
The gross proceeds of the Flow-Through Offering will be mainly used to finance the exploration
work on its Cheechoo gold project. The Flow-Through Shares issued under the Flow-Through
Offering will be subject to a hold period of four months and one day following the closing of the
Flow-Through Offering.
Both the Offering and the Flow-Through Offering remain subject to the final approval of the
Exchange.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States. The securities have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities
laws and may not be offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an exemption from such
registration is available.
About Sirios Resources Inc.
Sirios Resources Inc. 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.
Visit our website at www.sirios.com or contact:
Dominique Doucet, President, P.Eng., CEO
Phone: 450-482-0603
Email: [email protected]
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.
Forward-Looking Statements
All statements, other than statements of historical fact, contained in this press release including, but not
limited to, those relating to the intended use of proceeds of the Offering and the Flow-Through Offering,
the closing of the Offering and the Flow-Through Offering, the final approval of the Exchange in connection
with the Offering and the Flow-Through Offering, the development of the Cheechoo gold project and,
generally, the above "About Sirios Resources Inc." paragraph which essentially describes the Corporation’s
outlook, constitute "forward-looking information" or "forward-looking statements" within the meaning of
applicable securities laws, and are based on expectations, estimates and projections as of the time of this
press release. Forward-looking statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable by the Corporation as of the time of such statements, are
inherently subject to significant business, economic and competitive uncertainties and contingencies. These
estimates and assumptions may prove to be incorrect. Many of these uncertainties and contingencies can
directly or indirectly affect, and could cause, actual results to differ materially from those expressed or
implied in any forward-looking statements and future events, could differ materially from those anticipated
in such statements. A description of assumptions used to develop such forward-looking information and a
description of risk factors that may cause actual results to differ materially from forward-looking
information can be found in the Corporation’s disclosure documents on the SEDAR+ website at
www.sedarplus.ca.
By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and
specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not
be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided
for the purpose of providing information about management’s endeavors to develop the Cheechoo, and,
more generally, its expectations and plans relating to the future. Readers are cautioned not to place undue
reliance on these forward-looking statements as a number of important risk factors and future events could
cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations,
estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-
looking statements made in this press release are qualified by these cautionary statements and those made
in our other filings with the securities regulators of Canada. The Corporation disclaims any intention or
obligation to update or revise any forward-looking statements or to explain any material difference between
subsequent actual events and such forward-looking statements, except to the extent required by applicable
law.