MONTREAL, QUEBEC--(Marketwire - Feb 6, 2013) - SIRIOS RESOURCES INC. (TSX VENTURE:SOI) reports its intent to undertake a non-brokered private placement with accredited investors. Directors, officers and employees may participate in this placement which consists of 2 727 273 units of the Company for gross proceeds totaling $600,000. The Unit price is $0.22 and each unit consists of one Common Share and one warrant. Each warrant will entitle its holder thereof to subscribe for one Common Share at $0.28 per share for a period of 12 months after the closing date of the private placement.
The proceeds of this placement will mainly be used by SIRIOS for exploration activities on its Cheechoo gold project, as well as for general purposes.
Sirios can pay certain intermediaries a finder''s fee in cash based on the subscriptions introduced by those intermediaries, up to a maximum of 5% of the total amount of subscriptions introduced.
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.