Sirios announces a Private Placement

Not for distribution to United States newswire services or for dissemination in the United States

MONTREAL, Oct. 17, 2023 (GLOBE NEWSWIRE) — SIRIOS RESOURCES INC. (TSX-V: SOI) (the “Corporation”) announces its intention to complete a non-brokered private placement with investors relying on a prospectus exemption pursuant to Regulation 45-106 respecting Prospectus Exemptions for gross proceeds of up to $500,000 (the “Offering”). This Offering consists of the issuance of a maximum of 5,000,000 common shares of the Corporation (the “Common Shares”) at a price of 0.05$ per Common Share and a maximum of 8,125,000 Common Shares issued as “flow-through shares” pursuant to section 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec) (the “Flow-Through Shares”), at a price of 0.08$ per Flow-Through Share.

The gross proceeds of the Offering from the sale of the Common Shares will be mainly used by the Corporation for general working capital and other administrative expenses, as the gross proceeds of the Offering from the sale of the Flow-Through Shares will be mainly used to finance the exploration work on its Cheechoo gold project.

The Common Shares and Flow-Through Shares issued under this Offering will be subject to a hold period of four months and one day following the closing of the Offering. The Offering has been conditionally approved by the TSX Venture Exchange (the “TSXV”), but remains subject to regulatory approval and filings, including final approval of the TSXV.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Sirios Resources Inc.

Sirios Resources Inc. is a Canadian-based mining exploration company focused on developing its portfolio of high-potential gold and lithium properties in the Eeyou Istchee James Bay region of Quebec.

Visit our website at or contact:

Dominique Doucet, President, P.Eng., CEO
Phone: 450-482-0603
Email : [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements
All statements, other than statements of historical fact, contained in this press release including, but not limited to, those relating to the intended use of proceeds of the Offering, the closing of the Offering, the final approval of the TSX Venture Exchange in connection with the Offering, the development of the Cheechoo gold project and, generally, the above “About Sirios Resources Inc.” paragraph which essentially describes the Corporation’s outlook, constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements and future events, could differ materially from those anticipated in such statements. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Corporation’s disclosure documents on the SEDAR+ website at

By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management’s endeavors to develop the Cheechoo, and, more generally, its expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in our other filings with the securities regulators of Canada. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.

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