The Prospector News

Sirios completes capital raise of more than $2.5 Million

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Sirios completes capital raise of more than $2.5 Million

 

 

 

 

 

Management of SIRIOS RESOURCES INC. (TSX-V:SOI) is pleased to announce the completion of a non-brokered private placement for a total amount of $2,542,452. This amount was raised by issuing 11,556,599 flow-through shares at $0.22 per share. Sirios will use the proceeds of the private placement for exploration fieldwork, mainly the next winter 2019 diamond drilling campaign on its Cheechoo gold property, that qualifies as Canadian exploration expenditures.

 

Finder’s fees of $142,584 was paid. There will be a hold period of four months and one day on all securities issued under this financing. Sirios’ president participated in the financing by acquiring a total of 100,000 flow-through shares. The TSX Venture Exchange has conditionally approved the private placement.

 

Sirios’100% owned Cheechoo property is located in the Eeyou Istchee James Bay region of Quebec, approximately 800 km north of Montreal, 200 km east of Wemindji and less than 10 km from Goldcorp’s Éléonore gold mine.

 

Posted November 29, 2018

Share this news article

MORE or "UNCATEGORIZED"


Cunningham Mining to Acquire American Creek Resources

American Creek Resources Ltd. (TSX-V: AMK) (OTCQB: ACKRF) is plea... READ MORE

September 7, 2024

Omai Gold Drills 3.13 g/t Au over 43.0m, 2.20 g/t Au over 43.7m and 2.89 g/t over 22.0m at Wenot

Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF) announces drill ... READ MORE

September 6, 2024

Canada Nickel Announces Receipt of Letter of Interest for up to US$500 million from Export Development Canada

Important milestone in securing project financing for the Crawfor... READ MORE

September 6, 2024

Riverside Resources Signs Letter of Intent with Questcorp Mining to Option the Union Project for $5,500,000 of Total Expenditures

Riverside Resources Inc. (TSX-V: RRI) (OTCQB: RVSDF) (FSE: 5YY)Â... READ MORE

September 6, 2024

Alaska Energy Metals Closes $5 Million Special Warrant and Unit Offering; Nikolai Nickel Project Exploration Well Underway With More Than $8.68 Million Recently Raised

Highlights: An additional $5,000,000 has been raised in a second ... READ MORE

September 6, 2024

Copyright 2024 The Prospector News