Sirios Completes a Non-Flow Through Private Placement of Approximately $520,500
Not for distribution to United States newswire services or for dissemination in the
United States
For immediate release TSX-V: SOI
December 17, 2020
Sirios Completes a Non-Flow Through Private Placement of
Approximately $520,500
MONTREAL, QUEBEC - SIRIOS RESOURCES INC. (TSX VENTURE: SOI)
(the “Corporation") is pleased to announce the completion of the non-brokered private
placement announced on November 26, 2020, for aggregate gross proceeds of
approximately $520,500 (the “Offering”). In connection with this Offering, the
Corporation issued 3,469,996 hard units of the Corporation (the “Units” ) at a price
of $0.15 per Unit.
Each Unit consists of one non- flow through common share of the share capital of the
Corporation and one half of a warrant (each whole warrant, a “ Warrant”). Each Warrant
will entitle the holder thereof to acquire one additional common share of the share capital
of the Corporation until June 13, 2022 at a price of $0.23.
All securities issued pursuant to this O ffering are subject to a hold period of four months
and a day, ending on April 18, 2021, under applicable Canadi an securities legislation.
This Offering has received conditional approval from the TSX Venture Exchange and
remains subject to the final approval of the TSX Venture Exchange.
The proceeds of this Offering will be used by the Corporation for general corporate and
working capital purposes , as well as an important diamond drilling program on the
Cheechoo gold project. The Cheechoo property is located at Eeyou Istchee James Bay in
the immediate vicinity of Newmont Corporation’s Éléonore gold mine. Please refer to the
Corporation’s website for more information on the Cheechoo project.
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 Securiti es 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.
Pioneer in the discovery of significant gold deposits in the Eeyou Istchee James Bay
region of Quebec, Canada. Sirios Resources Inc. focuses its work mainly on its Cheechoo
gold discovery, while actively exploring the high auriferous potential of its other
properties.
For more information, visit our website at www.sirios.com or contact:
Dominique Doucet, President, Eng.
514-918-2867
Certain information contained in the press release are subject to receipt of all regulatory
approvals. 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, the final approval of the TSX Venture Exchange in connection with the
Offering, the development of the Cheechoo 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 desc ription 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 SEDA R
website at www.sedar.com.
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 achie ved 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 project 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, expectat ions, 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.
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