MONTREAL, QUEBEC--(Marketwire - Dec. 18, 2012) - SIRIOS RESOURCES INC. (News - Market indicators) completed today the second and final closing of a private placement, as previously announced on November 1st, 2012. An additional amount of $87,000 was subscribed for and is composed of 82 Flow-Through Units, 5 Hard Cash Units and 178,277 warrants, bringing the total of the placement to $243,000. In total, 1,711,429 Common Shares were issued as well as 458,174 warrants. There is a hold period of 4 months on all securities issued under this financing.
Sirios paid to the agent a second cash fee of $5,760 and issued brokers' warrants entitling the agent to purchase 40,580 Common Shares at a price of $0.18 per share for a period of 24 months after the closing date. The TSX Venture has conditionally approved the private placement.
The proceeds of this placement will be used for exploration activities on Sirios' properties, as well as for general purposes.
RESIGNATION OF A DIRECTOR
Sirios Resources Inc. regretfully announces the recent resignation of Mr. Andre Lacroix as Director of the Company after eight years of loyal service to the Company. The Board thanks Mr. Lacroix for his contribution to the Company and wishes him good luck in his future endeavours. Sirios will soon announce the nomination of a new director.