NEWS RELEASE TRANSMITTED BY CCNMatthews
FOR: SIRIOS RESOURCES INC.
TSX VENTURE SYMBOL: SOI
DECEMBER 2, 2002 – 16:31 EST
SIRIOS: Closing of a $100,000 Private Financing
MONTREAL, QUEBEC, CANADA–SIRIOS RESOURCES INC. reports the
closing of the proposed non-brokered private placement with some
of its directors or officers as released on October 17, 2002 for
gross proceeds totaling $100,000. Three directors or officers
subscribed for 1,000,000 units of the Company at a price of $0.10
per unit and each unit consisted of one Common Share and half a
warrant, one warrant entitling its holder thereof to subscribe
for one Common Share at $0.13 per share for a period of 18
months. The new shares to be issued will have no hold period.
There were no fees related to this financing neither as cash nor
Proceeds of this placement shall be used by SIRIOS to start
exploration activities, including a short drilling program, on
its Terra Nova Brazilian project (ref.: press release 09/29/02)
and for general purposes.
For more information:
Dominique Doucet, CEO