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Sirios Resources Inc Announces First Closing of Private Placement for $267,180


Thursday, 16 May 2013 12:30pm EDT 

Sirios Resources Inc announced that it has completed a first closing of the recently announced non-brokered private placement with accredited investors and an institutional fund. A total of 2,480,000 units were subscribed, each composed of one Common Share and one warrant, in addition to the 147,538 Flow Through shares for a total amount of $267,180. The President of the Company subscribed for an amount of $13,000. There will be a hold period of four months and one day on all securities issued under this financing. The proceeds of this placement will mainly be used by Sirios for a diamond drilling campaign on its Cheechoo gold project located in James Bay, as well as for general purposes. 

Company Quote

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24 Dec 2014