Sirios Resources Announces Private Placements
TSX-V: SOI
November 29, 2024
Sirios Resources Announces Private Placements
Not for distribution to United States newswire services or for dissemination in the United States
MONTREAL (QUEBEC) – SIRIOS RESOURCES SIRIOS 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 $2,000,000 (the “Units Offering”). This
Offering will consist of the issuance of a maximum of 40,000,000 units of the Corporation (the “Units”) at a price of 0.05$
per Unit. Each Unit will consist of one common share of the capital 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 $0.08 per Common Share for a period of twenty-four (24) months from the date of issuance.
The gross proceeds from the sale of Units will be used by the Corporation for general and corporate working capital purposes
as well as exploration and development activities on its Cheechoo gold project.
Flow-Through Offering
The Corporation also announces its intention to close additional tranches of its previously announced, on November 13,
2024, flow-trough private placement (the “Flow-Through Offering”), for aggregate gross proceeds of up to $3,000,000.
The Flow-Through Offering would consist of the issuance of a total of 42,857,143 Common Shares 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), at a
price of $0.07 per Flow-Through Share.
Both the Units Offering and the Flow-Through Offering remain subject to the final approval of the TSX Venture Exchange
(the “TSXV”). The Flow-Through Offering will close prior or on December 31, 2024.
This press 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 Quebec-based mineral exploration company focused on developing its 100%-owned Cheechoo
gold property, located in Eeyou Istchee James Bay, Canada.
For more information, please contact:
Dominique Doucet, President and Chief Executive Officer
Telephone : 450-482-0603
Email : [email protected]
www.sirios.com
Neither the TSXV nor its Regulation Services Provider (as that ter mis defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this press release.
Forward-Looking Statements
All statements, other than statements of historical fact, contained in this press release including, but not limited to, this relating to the
intended use of proceeds of the Units Offering and the Flow-Through Offering, the final approval of the TSXV in connection with the
Units Offering and the Flow-Through Offering, the closing of any tranches to the Units Offering and the Flow-Through Offering, the
qualification of eligible expenses under tax laws and in 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 assumption 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 assumption 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 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 statement or to explain any material difference between subsequent
actual events and such forward-looking statements, except to the extent required by applicable law.