03:02 PM EST, 12/23/2024 (MT Newswires) -- Sirios Resources ( SIREF ) Monday announced the closing of the third and final tranche of its non-brokered flow-through private placement, through the issuance of 600,000 common shares in the capital of the corporation, at a price of $0.07 per share, with the aggregate gross proceeds for this third tranche $42,000.

A statement noted the offering of the shares were issued as "flow-through shares" and the qualifying expenditures will be renounced in favour of the subscribers with an effective date no later than Dec. 31, 2024.

Through the three tranches of the placement, the corporation has issued a total of 26.47 million shares for total gross proceeds of $1.85 million.

The gross proceeds from the sale of shares will be used by the corporation to incur eligible "Canadian exploration expenses" related to the Cheechoo Property, located in Eeyou Istchee James Bay, Que.

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