Sirios Completes the Second and Final Tranche of Its Private Placement, Raising Additional Gross Proceeds of $380,750

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MONTREAL, April 26, 2024 (GLOBE NEWSWIRE) — SIRIOS RESOURCES SIRIOS INC. (TSX-V:SOI) (The ““Group”) announces the closing of the second and final tranche of its previously announced non-brokered private placement for additional gross proceeds of $380,750 (the “Offer“) by issuing 5,857,693 ordinary shares of the company’s share capital (the “share“). The total gross proceeds of the offering, including the proceeds of the first tranche previously closed on March 27, 2024, are $650,000. A total of 9,999,999 shares were issued at a price of $0.065 per share. The shares were issued as “Flow shares“under Section 66(15) of the Income Tax Act (Canada) and Section 359.1 of the Tax Law (Quebec).

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The gross proceeds of the offering will be used primarily to fund exploration work at the Cheechoo Gold Project.

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In connection with the second tranche of the offering, finders’ fees totaling $8,424 will be paid to a non-arm’s length agent, Mine Equities Ltd., through the issuance of 129,600 shares at a price of $0.065 per share. In addition, finder’s fees totaling $13,560 were paid to independent agents.

The shares issued under the second tranche of this offering are subject to a limited hold period of four months and one day, expiring on August 27, 2024, under applicable Canadian law. The Offering has received conditional approval from the TSX Venture Exchange (the “TSXV“). The offer and issuance of Shares by way of finder’s commission remains subject to final approval by the TSXV.

This new publication does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Law“) or state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration applies.

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About Sirios Resources
Sirios Resources is a mining exploration company based in Quebec. focused on developing its portfolio of high potential gold properties in the Eeyou Istchee James Bay, Canada.

Forward-Looking Statements
All statements contained in this press release, other than statements of historical fact, including, without limitation, those relating to the intended use of the proceeds of the offering, the final approval of the TSX in connection with the offering and generally the paragraph above “About Sirios Resources,” which essentially describes the Company’s prospects, constitutes “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws and is based on expectations, estimates and projections as of the date of this press release. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while the Company believes to be reasonable as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions could prove to be incorrect. Many of these uncertainties and contingencies may directly or indirectly affect actual results and cause them to differ materially from those expressed or implied in any forward-looking statements, and future events may differ materially from those anticipated in such statements. For a description of the assumptions used in developing such forward-looking information and a description of the risk factors that could cause actual results to differ materially from those in the forward-looking information, see the Company’s disclosure documents on the SEDAR+ website www.sedarplus.ca.

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By their nature, forward-looking statements involve risks and uncertainties, both general and specific, and there is a risk that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions may not reflect future experience. Forward-looking statements are provided for the purpose of providing information regarding management’s efforts to develop the Cheechoo Project and, more generally, its expectations and plans regarding the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause actual results to differ materially from the expressed beliefs, plans, objectives, expectations, expectations, estimates, assumptions and intentions in such forward-looking statements. All forward-looking statements made in this press release are qualified by these cautionary statements and those in our other filings with Canadian securities regulators. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material differences between subsequent actual events and such forward-looking statements, except as required by law.

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.

Contact:
Dominique Doucet, Eng., President
Phone: 450-482-0603
[email protected]
Website: www.sirios.com

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