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SIRIOS AND OVI COMBINE TO FORM AN OSISKO-BACKED GOLD COMPANY IN EEYOU ISTCHEE JAMES BAY
SIRIOS AND OVI COMBINE TO FORM AN OSISKO-BACKED GOLD COMPANY IN EEYOU ISTCHEE JAMES BAY C...
About this update from Sirios Resources, Inc.
[{"type":"text","content":"\n\n\nSIRIOS AND OVI COMBINE TO FORM AN OSISKO-BACKED GOLD COMPANY IN EEYOU ISTCHEE JAMES BAY\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnml40{\nMARGIN-LEFT:3.33em !IMPORTANT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\nCombination creates a district-scale platform anchored by the Cheechoo gold deposit, with exploration upside at Corvet Est and PLEX\n(All amounts expressed in Canadian dollars unless otherwise stated)\nMONTRÉAL, Dec. 11, 2025 /CNW/ - Sirios Resources Inc. (TSXV: SOI) (OTCQB: SIREF) (\"Sirios\") and OVI Mining Corp. (\"OVI\") are pleased to announce that they have entered into an arm's length definitive arrangement agreement (the \"Arrangement Agreement\") dated as of December 10, 2025, pursuant to which Sirios will acquire all of the issued and outstanding common shares of OVI pursuant to a statutory plan of arrangement under the Business Corporations Act (British Columbia) (the \"Transaction\").\nThe combination creates a Québec-focused gold company, uniting Osisko's expertise in asset development with Sirios' longstanding track-record of exploration success in the Eeyou Istchee James Bay region of Québec. The combined company will control three district scale resource-stage assets, with the Cheechoo project as the combined company's flagship asset.\nOsisko Development Corp. executives Sean Roosen and Laurence Farmer will join the Sirios board on closing. Jean-Félix Lepage, previously Vice President, Project Development at O3 Mining Inc., will assume the role of CEO. Founder Dominique Doucet, a pioneer of James Bay exploration, will transition to Executive Chairman and Head of Exploration.\nDominique Doucet, Founder and Chief Executive Officer of Sirios, stated:\n\"This transaction marks the beginning of a new era for Sirios. We are building a winning team and deep bench strength with the addition of Jean-Félix Lepage as CEO, along with Sean Roosen and Laurence Farmer as board members. By integrating their experience as industry leaders in corporate finance and mine development with our deep knowledge...