SIRIOS Resources Inc. (TSX-V: SOI) has closed a private placement of $1 million by selling 11,111,111 flow through (FT) units at $0.09 per unit to the MineralFields Group.
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Each FT Unit will contain 1 common share and 1/2 of one non flow through common share purchase warrant. A whole warrant enables its holder to subscribe to 1 common share at $0.125 per share for a period of 12 months following the closing date. The company plans to use its proceeds to incur exploration costs in the James Bay Area of Quebec on its gold properties that qualify as Canadian exploration expenditures.
Sirios Resources Inc. (Sirios) is a Canada-based company. The Company is engaged in exploration of gold or base metals deposits in the James Bay region of Eastern Canada. The Company’s properties include Aquilon, Pontax, Cheechoo, Sharks and Kukames, Escale, Tilly and Murdoch.
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