Sirios Resources Secures C$5.5 Million to Advance Its Cheechoo Gold Project, Quebec
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Sirios Resources Inc. has completed two non-brokered private placements for aggregate gross proceeds of CA$5,500,000.
Goldcorp Inc. has exercised its right to acquire up to 19.9 percent of the share capital of Sirios.
‘‘We are very pleased to have solid support from numerous corporate investors and our current institutional and corporate shareholders, who subscribed for almost 80 percent of today’s placements. The acquired funds will allow a rapid and organized progression of the Cheechoo gold project as defined in our three-year plan announced last year,’’ said Dominique Doucet, president of Sirios.
The proceeds of the placements will be used by Sirios for exploration fieldwork, including a significant diamond drilling program, on its Cheechoo gold project as well as for general corporate and working capital purposes. Cheechoo neighbors Goldcorp’s Eleonore gold mine located in Eeyou Istchee James Bay.
To stop by Sirios’ website, CLICK HERE
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