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  • Sirios Resources (SOI) has closed the first tranche of a non-brokered private placement, for aggregate gross proceeds of $787,472
  • Sirios issued 6,562,266 common FT shares at a price of $0.12 per share
  • The gross proceeds will be used to incur eligible expenses related to the Cheechoo, Aquilon and Maskwa gold projects
  • Sirios Resources focuses primarily on its Cheechoo gold discovery, while actively exploring the high auriferous potential of its other properties
  • Sirios Resources Inc. (SOI) is currently trading at C$0.09 per share

Sirios Resources (SOI) has closed the first tranche of a non-brokered private placement, for aggregate gross proceeds of $787,472.

Sirios issued 6,562,266 common FT shares at a price of $0.12 per share.

The gross proceeds will be used to incur eligible “Canadian exploration expenses” related to the Cheechoo, Aquilon and Maskwa gold projects located in Eeyou Istchee Baie James in the province of Quebec.

Finder’s fees totalling $14,000 were paid in connection with this offering.

The FT shares issued are subject to a restricted hold period ending on January 1st, 2022.

The offering remains subject to the final approval of the TSX Venture Exchange.

Depending on market conditions, Sirios may decide to proceed with the closing of additional tranches of the private placement.

Pioneer in the discovery of significant gold deposits in the Eeyou Istchee James Bay region of Québec, Canada. Sirios Resources Inc. focuses its work mainly on its Cheechoo gold discovery, while actively exploring the high auriferous potential of its other properties.

Sirios Resources Inc. (SOI) is currently trading at C$0.09 per share.

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