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Sirios Resources (TSXV:SOI) closes $1M private placement

Market News, Mining
TSXV:SOI
23 December 2022 09:00 (EDT)

Source: Sirios Resources.

Sirios Resources (SOI) has closed a non-brokered private placement for gross proceeds of $999,999.28.

The company issued 14,285,704 common shares for $0.07 per share.

The net proceeds will be used to advance the company’s Cheechoo gold project in Québec.

Finder’s fees totalling $66,780.00, were paid to finders in connection with the offering.

All shares issued are subject to a statutory four-month hold period, ending on April 23, 2023.

Sirios Resources is a pioneer in the discovery of significant gold deposits in Eeyou Istchee James Bay, Quebec, focusing primarily on its Cheechoo gold discovery while actively exploring the gold potential of its other properties.

Sirios Resources Inc. (SOI) opened trading at C$0.065.


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