Sirios Resources Inc. Announces $20 Million Brokered LIFE Offering of Flow-Through Units and Units

Executive Summary

• Sirios Resources entered into a financing agreement with National Bank Capital Markets and MDCP Securities to raise up to $20 million through a “best‑efforts” private placement of flow‑through (FT) units at $0.27 each and high‑discount (HD) units at $0.20 each.
• The offering includes an option for the agents to sell up to 25 million additional HD Units for up to $5 million, exercisable up to 48 hours before closing.
• Proceeds will be used primarily for eligible Canadian exploration expenses (FT proceeds) and for additional exploration, corporate, administrative, and working‑capital purposes (HD proceeds).

Key Details

• Units Offered
• Up to 40,740,740 FT Units at $0.27 per unit → gross proceeds ≈ $11 M.
• Up to 45,000,000 HD Units at $0.20 per unit → gross proceeds ≈ $9 M.
• Agent Option
• Agents may sell up to 25,000,000 additional HD Units on the same terms for up to $5 M, exercisable up to 48 hours before the Closing Date.
• Unit Structure
• FT Unit: 1 common share + ½ of a common‑share purchase warrant (flow‑through eligible).
• HD Unit: 1 common share + ½ of a common‑share purchase warrant (non‑flow‑through).
• Each warrant allows purchase of one non‑flow‑through common share at $0.30 any time up to 12 months after Closing.
• Warrant Acceleration Clause
• If the TSX Venture Exchange closing price exceeds $0.30 for 20 consecutive trading days, Sirios may accelerate warrant expiry to 30 days after notice (delivered within five business days).
• Use of Proceeds
• FT proceeds: To incur eligible Canadian exploration expenses that qualify as flow‑through mining expenditures on Sirios’ projects; renounce these expenses to FT subscribers by Dec 31, 2026.
• HD proceeds: Additional Canadian exploration costs plus general corporate, administrative, and working‑capital needs.
• Closing Timeline
• Expected closing on or about March 18, 2026, subject to customary conditions (approvals, exchange consent, etc.).
• Regulatory Framework
• Offering relies on the “listed issuer financing exemption” under NI 45‑106 and the LIFE Exemption across Canadian provinces/territories.
• Units will be freely tradeable in Canada; U.S. offers only via applicable exemptions.

Notable Quotes

(No direct quotes were provided in the release.)