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

Sirios Resources Inc. has announced a substantial $20 million financing initiative through a brokered private placement offering structured under Canada's Listed Issuer Financing Exemption (LIFE). The offering is being led by National Bank Capital Markets and MDCP Securities Ltd. and consists of two components: up to $11 million from flow-through units priced at $0.27 each, and up to $9 million from hard dollar units at $0.20 each. The underwriters have also been granted an over-allotment option for an additional $5 million in hard dollar units.

The financing structure is particularly noteworthy for its tax-efficient flow-through component, which will allow the company to renounce eligible Canadian exploration expenses to investors by December 31, 2026. This mechanism provides immediate tax benefits to investors while ensuring funds are directed toward exploration activities. Each unit includes warrants exercisable at $0.30 for 12 months, with acceleration provisions tied to share price performance above the exercise price for 20 consecutive trading days.

For Sirios, this financing represents a significant capital injection that will enable the company to advance its gold exploration portfolio in Quebec's prolific Eeyou Istchee James Bay region. The flow-through proceeds must be spent on qualifying Canadian exploration expenses by December 31, 2027, ensuring active exploration programs. The hard dollar component provides operational flexibility for corporate expenses and working capital needs.

The offering is expected to close around March 18, 2026, subject to regulatory approvals including TSX Venture Exchange consent. The use of the LIFE exemption allows for immediate trading of securities in Canada, providing liquidity advantages for investors. This financing positions Sirios to capitalize on favorable gold market conditions and advance its James Bay projects, which are situated in one of Canada's most active and prospective gold exploration regions.