Sirios Resources Announces Closing of a First Tranche of $962,000 of its Flow-Through Private Placement
Portfolio Pulse from
Sirios Resources Inc. has closed the first tranche of its non-brokered private placement, raising $961,999 through the issuance of 13,742,843 flow-through common shares at $0.07 each. The proceeds will be used for qualifying expenditures, with tax benefits renounced to subscribers by the end of 2024.
November 13, 2024 | 6:30 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Sirios Resources Inc. completed a $961,999 private placement, issuing 13.7M flow-through shares at $0.07 each. This capital raise is aimed at funding qualifying expenditures, with tax benefits for investors.
The successful closing of the first tranche of the private placement indicates positive investor interest and provides Sirios Resources with additional capital for its projects. The issuance of flow-through shares offers tax benefits to investors, potentially increasing demand for the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90