Sirios raised CA$742,300 following exercise of warrants
TSX-V: SOI September 5, 2017
Sirios raised CA$742,300 following exercise of warrants
MONTREAL (QUEBEC) – Management of SIRIOS RESOURCES INC. (TSX-V: SOI) is
pleased to announce that all warrants that were expiring on September 2, 2017 have now been
exercised by their holders. A final amount of CA$742,300 was received by Sirios following
the exercise of the remaining warrants, most of them held by Goldcorp Inc. The proceeds will
be allocated mainly to general corporate purposes as well as exploration activities on the
Cheechoo gold project. Following exercise of the warrants, Sirios issued 3,711,500 common
shares and now has 134,954,404 issued and outstanding shares.
Mr. Dominique Doucet, President, states: “We would like to thank all our warrant holders ,
including Goldcorp w hich increased its share ownership to 18.51% and for supporting our
exploration activities with this warrant exercise.”
Sirios has been advised that Goldcorp Inc. (“Goldcorp”) has exercised 3,700,000 share
purchase warrants and acquired ownership of 3,700,000 common shares at an exercise price of
$0.20 per common share for a total exercise price of $740,000. Accordingly, Goldcorp
acquired ownership of 3,700,000 common shares, representing 2.74% of the issued and
outstanding common shares. Following the exercise, Goldcorp owns 24,982,352 common
shares, representing approximately 18.51% of the issued and outstanding shares, and 815,611
warrants, representing approximately 39% of the issued and outstanding warrants. Should
Goldcorp exercise all of the warrants, Goldcorp would hold 25,797,963 common shares,
representing approximately 19% of the issued and outstanding common shares (on a partially
diluted ba sis). Goldcorp acquired the securities for investment purposes. Goldcorp will
evaluate its investment in Sirios from time to time and may, based on such evaluation, market
conditions and other circumstances, increase or decrease shareholdings as circumsta nces
require. A copy of the Early Warning report filed by Goldcorp in connection with the
acquisition is available on Sirios’ SEDAR profile. Goldcorp’s head office is located at Suite
3400 – 666 Burrard St. Vancouver, BC, V6C 2X8.
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.
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For more information, contact:
Dominique Doucet, President, Eng.
[email protected] Tel.: (514) 510-7961
Website: www.sirios.com Fax: (514) 510-7964