Canada Markets open in 5 hrs 54 mins

Sirios Resources Inc. (SOI.V)

TSXV - TSXV Real Time Price. Currency in CAD
Add to watchlist
0.1500-0.0050 (-3.23%)
At close: 2:12PM EST
Full screen
Previous Close0.1550
Open0.1550
Bid0.1450 x 0
Ask0.1500 x 0
Day's Range0.1500 - 0.1550
52 Week Range0.0800 - 0.2600
Volume262,700
Avg. Volume175,587
Market Cap30.236M
Beta (5Y Monthly)2.26
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
All
News
Press Releases
  • Sirios files the NI 43-101 report of the resources estimate update for the Cheechoo gold project in Quebec
    GlobeNewswire

    Sirios files the NI 43-101 report of the resources estimate update for the Cheechoo gold project in Quebec

    Pit plan figure Pit plan figureMONTREAL, Dec. 22, 2020 (GLOBE NEWSWIRE) -- Management of Sirios Resources Inc. (TSXV: SOI) ("The Company") is pleased to announce that Sirios has filed on SEDAR the technical report titled "Mineral Resource Estimate Update for the Cheechoo Project Eeyou Istchee James Bay, Québec, Canada", with an effective date of October 31st, 2020. The report, in compliance to the NI 43-101 standards and completed for the company by BBA Inc., h the resource estimate update of the Cheechoo gold project, located at Eeyou Istchee James Bay at Quebec. The updated resource shows an increase of 355,000 ounces of gold compared to its initial resource estimate, representing an increase of 22%. The report indicates that, based on an open-pit constrained model, the inferred resources are estimated at 1.955 million gold ounces (Moz) contained in 93.0 million tonnes (Mt) with an average grade of 0.65 grams of gold per tonne (g/t Au) (figure 1).Dominique Doucet, President and CEO of Sirios, states: " I want to congratulate our technical team, who within less than a year, significantly increased the resource estimate on our Cheechoo gold deposit."Figure 1 Plan view. The black-outlined conceptual pit contains the first resource estimate of 1.6 M oz of gold. The green-outlined grey conceptual pit contains the new resource estimate of 1.96 M oz of gold is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/607d49b0-9566-43b1-a022-df78992982e4The scientific and technical content of this press release has been reviewed and approved by Mr. Dominique Doucet, P.Eng. President and CEO of Sirios Resources Inc. and Mr. Jordi Turcotte, P. Geo. Senior Geologist who are “Qualified Persons” as defined by National Instrument 43-101. About the Cheechoo PropertyThe Cheechoo Property located 9 km from the Eleonore gold mine of Newmont at Eeyou Istchee James Bay, Quebec, is wholly owned by Sirios. The new resource estimate of the project (October 2020) delineated inferred resources of 1.96 million ounces of gold, with a significant potential to increase these resources.About SiriosFounded in 1995, Sirios Resources develops and explores its own mining exploration projects. Pioneer in the discovery of significant gold deposits in the Eeyou Istchee James Bay region of Quebec, Canada, over the years, Sirios is focusing on its flagship gold project Cheechoo, the 2016 discovery of the year in Quebec.Cautionary note regarding forward-looking informationThis news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates; the preliminary nature of metallurgical test results; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Company’s public documents filed on SEDAR at www.sedar.com. Although the Company believes that the assumptions and factors used in preparing the forward looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.The estimate of Inferred Mineral Resources mentioned in this press release conform to National Instrument 43-101 standards and was prepared by Pierre-Luc Richard, P. Geo., independent qualified person, as defined by NI 43-101 guidelines. The effective date of the estimate is Octobre 31st 2020\. The above-mentioned mineral resources are not mineral reserves as they do not have demonstrated economic viability. The quantity and grade of the reported Inferred Mineral Resources are conceptual in nature and are estimated based on limited geological evidence and sampling. Geological evidence is sufficient to imply but not verify geological and grade or quality continuity.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.Contact information :  Dominique Doucet, President, CEO, Eng.  ddoucet@sirios.com  Tel.: (514) 510-7961Website: www.sirios.com

  • Sirios Completes a Non-Flow Through Private Placement of Approximately $520,500
    GlobeNewswire

    Sirios Completes a Non-Flow Through Private Placement of Approximately $520,500

    Not for distribution to United States newswire services or for dissemination in the United StatesMONTREAL, Dec. 17, 2020 (GLOBE NEWSWIRE) -- SIRIOS RESOURCES INC. (TSX VENTURE: SOI) (the “Corporation") is pleased to announce the completion of the non-brokered private placement announced on November 26, 2020, for aggregate gross proceeds of approximately $520,500 (the “Offering”). In connection with this Offering, the Corporation issued 3,469,996 hard units of the Corporation (the “Units”) at a price of $0.15 per Unit.Each Unit consists of one non-flow through common share of the share capital of the Corporation and one half of a warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder thereof to acquire one additional common share of the share capital of the Corporation until June 13, 2022 at a price of $0.23.All securities issued pursuant to this Offering are subject to a hold period of four months and a day, ending on April 18, 2021, under applicable Canadian securities legislation. This Offering has received conditional approval from the TSX Venture Exchange and remains subject to the final approval of the TSX Venture Exchange.The proceeds of this Offering will be used by the Corporation for general corporate and working capital purposes, as well as an important diamond drilling program on the Cheechoo gold project. The Cheechoo property is located at Eeyou Istchee James Bay in the immediate vicinity of Newmont Corporation’s Éléonore gold mine. Please refer to the Corporation’s website for more information on the Cheechoo project.This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.About Sirios Resources Inc.Pioneer in the discovery of significant gold deposits in the Eeyou Istchee James Bay region of Quebec, Canada. Sirios Resources Inc. focuses its work mainly on its Cheechoo gold discovery, while actively exploring the high auriferous potential of its other properties.For more information, visit our website at www.sirios.com or contact:Dominique Doucet, President, Eng. 514-918-2867 ddoucet@sirios.comCertain information contained in the press release are subject to receipt of all regulatory approvals. 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.Forward-Looking StatementsAll statements, other than statements of historical fact, contained in this press release including, but not limited to, those relating to the intended use of proceeds of the Offering, the final approval of the TSX Venture Exchange in connection with the Offering, the development of the Cheechoo project and generally, the above “About Sirios Resources Inc.” paragraph which essentially describes the Corporation’s outlook, constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements and future events, could differ materially from those anticipated in such statements. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward looking information can be found in the Corporation’s disclosure documents on the SEDAR website at www.sedar.com. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management’s endeavors to develop the Cheechoo project and, more generally, its expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in our other filings with the securities regulators of Canada. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.

  • Sirios Completes Second and Final Tranche of its Private Placement for Additional Gross Proceeds of $2 Million
    GlobeNewswire

    Sirios Completes Second and Final Tranche of its Private Placement for Additional Gross Proceeds of $2 Million

    Not for distribution to United States newswire services or for dissemination in the United StatesMONTREAL, Dec. 16, 2020 (GLOBE NEWSWIRE) -- SIRIOS INC. RESOURCES (TSX-V: SOI) (the “Corporation") is pleased to announce the completion of the second and final tranche of its previously announced non-brokered private placement, for additional gross proceeds of $2,045,200 (the “Offering”). The aggregate gross proceeds of the offering, including proceeds from the first tranche, previously closed on December 11, 2020, are $3,430,590. In connection with this Offering, the Corporation issued (i) 7,395,556 additional Quebec flow-through units of the Corporation (the “Quebec FT Units”) at a price of $0.18 per Quebec FT Unit, for an amount of $1,331,200, and (ii) 4,200,000 additional national flow-through units of the Corporation (the “National FT Units”), at a price of $0.17 per National FT Unit, for an amount of $714,000. Each Quebec FT Unit and each National FT Unit consists of one common share of the share capital of the Corporation and one half of a warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder thereof to acquire one additional common share of the share capital of the Corporation for a period of 18 months from the closing of the first tranche of the private placement at a price of $0.23.All securities issued pursuant to this Offering are subject to a hold period of four months and a day, ending on April 17, 2021, under applicable Canadian securities legislation. The Offering has received conditional approval from the TSX Venture Exchange and remains subject to the final approval of the TSX Venture Exchange. Intermediation fees totalling $122,442 were paid to intermediaries in connection with the second tranche of the Offering.The proceeds of this Offering will be mainly used to advance an important diamond drilling program on the Cheechoo gold project. The Cheechoo property is located at Eeyou Istchee Baie James in the immediate vicinity of Newmont Corporation’s Éléonore gold mine. Please see the Corporation’s website for more information on this project.This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.About Sirios Resources Inc.Pioneer in the discovery of significant gold deposits in the Eeyou Istchee James Bay region of Quebec, Canada. Sirios Resources Inc. focuses its work mainly on its Cheechoo gold discovery, while actively exploring the high auriferous potential of its other properties.For more information, visit our website at www.sirios.com or contact:Dominique Doucet, President, Eng. 514-918-2867 ddoucet@sirios.comCertain information contained in the press release are subject to receipt of all regulatory approvals. 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.Forward-Looking StatementsAll statements, other than statements of historical fact, contained in this press release including, but not limited to, those relating to the intended use of proceeds of the Offering, the final approval of the TSX Venture Exchange in connection with the Offering, the development of the Cheechoo project and generally, the above “About Sirios Resources Inc.” paragraph which essentially describes the Corporation’s outlook, constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements and future events, could differ materially from those anticipated in such statements. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward looking information can be found in the Corporation’s disclosure documents on the SEDAR website at www.sedar.com. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management’s endeavors to develop the Cheechoo project and, more generally, its expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in our other filings with the securities regulators of Canada. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.