MONTREAL, QUEBEC--(Marketwire - June 23, 2011) - SIRIOS RESOURCES INC. (News - Market indicators) completed today the closing of the non-brokered private placement through Burgeonvest-Bick Securities Limited with accredited investors as previously announced. An amount of $1,833,600 was subscribed for and is composed of 3,573,333 A Units at $0.09 and 15,120,000 B Units at $0.10.
Finder's fees of $146,688 as well as 1,228,800 broker warrants entitling the purchase of Common Shares at a price of $0.09 per Share for one year were paid to Burgeonvest-Bick Securities Limited.
The proceeds of this placement will be used by Sirios for exploration activities on its main precious metal properties, as well as for general purposes.
There will be a hold period of four months on all securities issued under this financing. The TSX Venture has conditionally approved the private placement.
Sirios Res. is a silver and gold exploration company based in Canada.
Sirios Res. holds various exploration projects in Canada.
Its main exploration properties are TILLY, CHEECHOO, KUKAMES, MURDOCH, OPINACA NORTH, PONTAX, SHARKS, AQUILON EXTENSION, ESCALE and AQUILON in Canada.