Sirios Resources Announces Closing of a Second Tranche of $849,000 of its Flow-Through Private Placement
10 Décembre 2024 - 1:25AM
SIRIOS RESOURCES SIRIOS INC. (TSX-V: SOI) (the
"
Corporation") announces the closing of the second
tranche of its non-brokered private placement (the
"
Offering"), through the issuance of 12,128,574
common shares in the capital of the Corporation (the
"
Shares"), at a price of $0.07 per-Share. The
aggregate gross proceeds for this second tranche are $849,000. The
Shares were issued as "flow-through shares" pursuant to section
66(15) of the Income Tax Act (Canada) and section 359.1 of the
Taxation Act (Quebec). The qualifying expenditures will be
renounced in favour of the subscribers with an effective date no
later than December 31, 2024.
The gross proceeds from the sale of Shares will
be used by the Corporation to incur eligible "Canadian exploration
expenses" related to the Cheechoo Property of the Corporation,
located in Eeyou Istchee James Bay, in the province of Quebec.
In connection with the second tranche of the
Offering, finder’s fees totaling $28,000 were paid to an arm length
finder. Shares issued pursuant to this Offering are subject to a
restricted hold period of four months and one day, ending on April
11, 2025, under applicable Canadian laws. The Offering remains
subject to the final approval of the TSX Venture Exchange
(the “TSXV”).
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
OfficerTelephone: 450-482-0603Email:
info@sirios.comwww.sirios.com
Neither the TSXV nor its Regulation Services
Provider (as that term is 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
Offering, the final approval of the TSXV in connection with the
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.
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