Golden Minerals

Sirios Resources announces the first closing of a private placement of units

MONTREAL, May 08, 2019 (GLOBE NEWSWIRE) -- In a release issued this morning by Sirios Resources Inc., we have been advised by the company that the date by which a last closing may take place is May 24, 2019, rather than May 24, 2018 as originally issued. The corrected release follows:

Management of SIRIOS (TSX VENTURE: SOI) is pleased to announce the first closing of a non-brokered private placement of units for an amount of $515,000 CAD. This private placement, offered to accredited investors, has been conditionally approved by the TSX Venture Exchange and is for a maximum of 10,000,000 units offered at a unit price of $0.20. Each unit consists of one common share of Sirios and one-half warrant. Each warrant gives the holder the right to purchase one common share at $ 0.30 during the 18 months following the closing date. 

2,575,000 shares and 1,287,500 warrants were issued in the first closing. They are subject to a hold period of four months and one day. No finder’s fees were paid by the Company. A last closing may take place by May 24, 2019. The proceeds of the placement will be used by Sirios to develop the Cheechoo gold project and for general purposes of the Company.

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

To contact us:
Dominique Doucet, Eng., President and CEO This email address is being protected from spambots. You need JavaScript enabled to view it.                                                
Tel.: (514) 510-7961

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Golden Minerals

Golden Minerals

Golden Minerals is a Colorado-based precious metals exploration company offering investors leverage to silver and gold prices through a highly prospective portfolio of precious metals projects located in Mexico, Argentina and Nevada (USA). Projects include a PEA-stage silver project with district-scale potential (Argentina) and a gold-silver exploration-stage project located 18 miles northwest of the historic Sleeper Mine in Nevada. The Company is revenue-generating through... LEARN MORE

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