Sirios Resources (TSE:SOI) has released an update.
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Sirios Resources Inc. has successfully completed a non-brokered private placement, raising $1,310,755 by issuing over 21 million units at $0.06 each, which include a share and a purchase warrant. The funds will predominantly finance the Cheechoo gold project and cover general corporate expenditures. Notably, insiders participated in the placement, subscribing to over 1 million units under terms that complied with regulatory exemptions.
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