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Sirios raised CA$742,300 following exercise of warrants

/EINPresswire.com/ -- MONTREAL, QUEBEC--(Marketwired - Sep 5, 2017) - Management of SIRIOS RESOURCES INC. (TSX VENTURE:SOI) is pleased to announce that all warrants that were expiring on September 2, 2017 have now been exercised by their holders. A final amount of CA$742,300 was received by Sirios following the exercise of the remaining warrants, most of them held by Goldcorp Inc. The proceeds will be allocated mainly to general corporate purposes as well as exploration activities on the Cheechoo gold project. Following exercise of the warrants, Sirios issued 3,711,500 common shares and now has 134,954,404 issued and outstanding shares.

Mr. Dominique Doucet, President, states: "We would like to thank all our warrant holders, including Goldcorp which increased its share ownership to 18.51% and for supporting our exploration activities with this warrant exercise."

Sirios has been advised that Goldcorp Inc. ("Goldcorp") has exercised 3,700,000 share purchase warrants and acquired ownership of 3,700,000 common shares at an exercise price of $0.20 per common share for a total exercise price of $740,000. Accordingly, Goldcorp acquired ownership of 3,700,000 common shares, representing 2.74% of the issued and outstanding common shares. Following the exercise, Goldcorp owns 24,982,352 common shares, representing approximately 18.51% of the issued and outstanding shares, and 815,611 warrants, representing approximately 39% of the issued and outstanding warrants. Should Goldcorp exercise all of the warrants, Goldcorp would hold 25,797,963 common shares, representing approximately 19% of the issued and outstanding common shares (on a partially diluted basis). Goldcorp acquired the securities for investment purposes. Goldcorp will evaluate its investment in Sirios from time to time and may, based on such evaluation, market conditions and other circumstances, increase or decrease shareholdings as circumstances require. A copy of the Early Warning report filed by Goldcorp in connection with the acquisition is available on Sirios' SEDAR profile. Goldcorp's head office is located at Suite 3400 - 666 Burrard St. Vancouver, BC, V6C 2X8.

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.

Dominique Doucet, President, Eng.
ddoucet@sirios.com
(514) 510-7961
(514) 510-7964
Website: www.sirios.com

Distribution channels: Mining Industry