MONTREAL, QUEBEC–(Marketwired – May 11, 2016) – SIRIOS RESOURCES (TSX VENTURE:SOI) Sirios has undertaken steps in order to issue 1,250,000 common shares to its partner, Golden Valley Mines Ltd. (TSX VENTURE:GZZ) at a price of $0.40 per share for a total value of $500,000. This share issuance, in compliance to the agreement of June 2012 (press release June 15, 2012), is the last obligation that Sirios needed to fulfill to increase its interest in the Cheechoo property from 45% to 100% since Sirios has completed recently the totality of required fieldworks under the agreement.
Dominique Doucet, President of Sirios states: “We are very pleased to complete our acquisition of the Cheechoo property on which we will continue our fieldworks of priority.”
The issuance of shares is conditional to the approval of TSX Venture Exchange. Issued shares will be subject to a hold period of four months and one day.
Cheechoo neighbours Goldcorp’s Éléonore gold mine located in Eeyou Istchee James Bay. Please refer to Sirios’ website for more information on this project.
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.
ddoucet@sirios.com
(514) 510-7961
www.sirios.com
Christian Guilbaud, VP Corporate Development
cguilbaud@videotron.ca
(514) 813-7862
(514) 510-7964 (FAX)