Sirios Closed a Private Placement of $1,310,755

MONTREAL, May 01, 2024 (GLOBE NEWSWIRE) -- SIRIOS RESOURCES INC. (TSX-V: SOI) (the "Corporation") announces that it has closed, effective April 30, 2024, a non-brokered private placement for a gross proceeds of $1,310,755 (the "Offering"). The Offering consisted of the issuance of 21,845,915 units of the Corporation (the "Units") at a price of $0.06 per Unit. Each Unit consists of one common share of the capital of the Corporation (a "Common Share") and one Common Share purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of $0.12 per Common Share for a period of twenty-four (24) months from the date of issuance. The net proceeds from the sale of the Units will be mainly used by the Corporation to advance its Cheechoo gold project, as well as for general and corporate working capital purposes.

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