MONTREAL, QUEBEC--(Marketwired - Sep 17, 2015) - SIRIOS (TSX VENTURE:SOI) proceeded today the last closing of private placements for an additional $ 719,230 bringing the total capital raised by private placements and exercises of warrants since June 30 to $ 2,007,000. During today's closings, a total of $ 555,480 was raised through the issuance of 4,629,000 units at $ 0.12 while $ 163,750 came from the issuance of 1,091,664 flow-through shares at $ 0.15. Each unit consists of one common share of Sirios and a half warrant. Each warrant gives the holder the right to purchase one common share at $ 0.18 during the eighteen months following the closing date. Two officers subscribed for an amount of $ 41,250 in flow-through shares. Finder's fee of $ 4,650 were paid for the closings.
There will be a hold period of four months and one day on all securities issued under this financing. The TSX Venture has conditionally approved the private placement.
The proceeds of the placement will mainly be used by Sirios for a diamond drilling campaign on its Cheechoo gold project located in James Bay and for general purposes of the Company. Please refer to the website of Sirios for more information on the Cheechoo project.
The Company now has 67,224,643 common shares issued and outstanding.
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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