Sirios completes Capital Raise of $500,000
TSX-V : SOI
OTCQB: SIREF
December 28, 2023
Not for distribution to United States newswire services or for dissemination in the United States
Sirios completes Capital Raise of $500,000
MONTREAL (QUEBEC) – SIRIOS RESOURCES INC. (TSX-V: SOI) (the “Corporation”)
announces that it has closed today a non-brokered private placement for aggregate gross proceeds
of $500,000 (the “Offering”). The Offering consisted of the issuance of 6,250,000 units of the
Corporation (the “Units”) at a price of 0,08$ per Unit. Each Unit is comprised of one common
share of the Corporation (the “Common Shares”) that qualify as “flow-through shares” pursuant
to subsection 66(15) of the Income Tax Act (Canada) and one Common Share purchase warrant
(the “Warrants”). Each Warrant will entitle the holder thereof to acquire one additional Common
Share for a period of 24 months from the closing of the Offering at a price of $0.15. The net
proceeds from the sale of the Common Shares will be mainly used by the Corporation to advance
its Cheechoo gold project.
No finder's fees were paid in connection with this Offering. The Common Shares issued pursuant
to this Offering are subject to a restricted hold period of four months and one day, under applicable
Canadian securities laws. The Offering remains subject to the final approval of the TSX Venture
Exchange.
About Sirios
Sirios is a Canadian mining exploration company focused on developing its portfolio of high -
potential gold and lithium properties in the Eeyou Istchee James Bay region of Quebec.
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.
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.
Cautionary Note Regarding Forward -Looking Information
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 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 con tingencies 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 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, 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 a ctual events and such forward -looking statements, except to the extent
required by applicable law.
Contact:
Dominique Doucet, P.Eng., President and Chief Executive Officer
450-482-0603
Website: www.sirios.com