11:11 AM EDT, 05/01/2024 (MT Newswires) -- Sirios Resources ( SIREF ) said Wednesday it raised C$1.31 million as it closed a private placement of share units.

The offering was made up of 21.85-million units priced at $0.06 and made up of a share and a two-year warrant to buy a second share for C$0.12.

The company will use the proceeds mainly to advance its Cheechoo gold project and for general and corporate working capital purposes.

The company's shares were last seen down C$0.005 to C$0.07 on the TSX Venture Exchange.