Sirios Resources Inc. Sells its Interest in Aquilon for $ 1M
MONTREAL, QUEBEC--(Marketwired - Oct 28, 2015) - SIRIOS (TSX VENTURE:SOI) announces that an option to sell its 50% interest in the Aquilon gold property has been concluded with a private company. A consideration of one million dollars has to be paid to Sirios no later than June 1st 2016 in the following manner: $20,000 in cash payment (already received); cash payment of $480,000 and payment of $500,000 in capital stock of the buyer, 70% of the amount evaluated of the share price of the buyer at its first round of financing and 30% assessed of the price at the second round of financing.
The AQUILON property is located in James Bay, Québec approximately 450 km east of Radisson. It is accessible by an all-season road that leads to the hydroelectric dam LA-1 that is itself located at less than 10 km from the property.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
Contact
Dominique Doucet
President, Eng.
(514) 510-7961
ddoucet@sirios.com
Christian Guilbaud
VP of Corporate development, B.B.A
(514) 813-7862
cguilbaud@videotron.ca
Website: www.sirios.com
https://www.facebook.com/SiriosResources
(514) 510-7964