SIRIOS: Last Closing of Private Placement With Venture Capital Funds.Energy Editors/Business Editors MONTREAL--(BUSINESS WIRE)--Jan. 19, 2004 SIRIOS RESOURCES INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. :SOI (Silicon On Insulator) A chip architecture that increases transistor switching speed by reducing capacitance (build-up of electrical charges in the transistor's elements), and thus reducing the discharge time. The power requirement is also reduced in some designs. ) reports the last closing of the non-brokered private placement with venture Capital Funds Venture Capital Funds An investment fund that manages money from investors seeking private equity stakes in small and medium-size enterprises with strong growth potential. Notes: as released on December 1st and 29th 2003. A total of 2,636,363 units of SIRIOS, for gross proceeds to the Company of $ 290,000, have been subscribed by SOCIETE DE DEVELOPPEMENT DE LA BAIE JAMES, FONDS REGIONAL DE SOLIDARITE FTQ FTQ Fédération des Travailleurs du Québec FTQ First Time Quality FTQ Fetch Target Queue FTQ Fond de Solidarité de La Fédération des Travailleurs du Québec NORD-DU-QUEBEC and "SODEMEX II Societe en commandite." The price is $0.11 per unit and each unit consists of one Common Share and half a warrant, one warrant entitling its holder thereof to subscribe for one Common Share at $0.15 per share for a period of 12 months after the closing dates (December 19, 2003 and January 15, 2004) and at $0.17 during the next 12 months. There is a hold period of 4-months on all shares issued. There were no fees related to this financing neither as cash nor share issuance. The proceeds of these placements shall be used by SIRIOS mainly for exploration activities on its Quebec properties and for general purposes. SIRIOS is discovering precious metals in Quebec and in Brazil. SIRIOS is the main shareholder of Dios Exploration Inc. (TSX Venture Exchange:DOS), one of the leaders in diamond exploration in the Quebec Otish region. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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