Update…. MONTREAL, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Sirios Resources Inc. (TSXV: SOI) has closed the previously-announced $1.5 million strategic agreement into the Company through the issue of 21.5 million Sirios common shares (please see our 17/01/2022 press release). Concurrent with the closing of the financing, Franois Auclair P.Geo, M.Sc. has joined the Sirios board of directors.
Dominique Doucet, CEO of Sirios said: “We are pleased to welcome a new major shareholder in our company. This agreement is only the beginning of our collaboration with this strategic investor. We are also very pleased to welcome Mr. Auclair in Sirios’ Board of Directors. Sirios will benefit from his vast expertise as an exploration and development geologist as well as his experience as a mining industry executive. His skills and advice will be particularly helpful during the upcoming busy stages of development of the Cheechoo project.”
About Franois Auclair, P.Geo.
Mr. Auclair is a consulting geologist with over 30 years of experience, gained in North and South America, Africa and Europe, working both in exploration and development of gold and base metals deposits. Mr. Auclair has worked for major mining companies such as the Noranda group and Ashanti GoldFields, as well as medium-sized producers, such as Rio Narcea Gold. Mr. Auclair was a member of Aur Resources’ Louvicourt VMS deposit discovery team. Presently, Mr Auclair is Vice President Exploration of Fancamp Exploration Ltd.
Following his appointment, the Board of Directors of Sirios approved on January 25 the granting of 250,000 stock options with an exercise price of $ 0.08 per share to Mr. Auclair. This granting is according to Sirios’ Stock Option Incentive Plan. These options expire five (5) years from the date of grant.