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Provider: Reuters Investment Profile
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Provider: GlobalData
$125.00
Provider: GlobalData
$250.00

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Sirios Resources Inc Announces $400,000 Financing


Monday, 23 Sep 2013 11:55am EDT 

Sirios Resources Inc announced its intent to undertake a non-brokered private placement with accredited investors. The placement consists of a maximum of 2,500,000 units and 2,000,000 flow-through shares for gross proceeds totaling $400,000. Each unit price is $0.08 and consists of one Common Share and one warrant, whereas each flow through share is offered at $0.10. Each warrant will entitle its holder thereof to subscribe for one Common Share at $0.12 per share for a period of 12 months after the closing date of the private placement. The proceeds of this placement will be mainly used by Sirios to increase the diamond drilling campaign that will start next week on its James Bay Cheechoo gold project, as well as for general purposes. There will be a hold period of four months and one day on all securities issued under this financing. This private placement is subject to regulatory approval and filings. 

Company Quote

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27 Nov 2014