St-Georges annonce un placement prive d'un maximum de $1 million

Executive Summary

• St‑Georges Eco‑Mining Corp. announces a broker‑less private placement of up to 20 million units at $0.05 per unit, targeting gross proceeds of up to $1 million.
• Each unit consists of one common share and half of a subscription warrant; full warrants allow purchase of additional shares at $0.075 for 24 months after issuance.
• Proceeds will fund capital‑expenditure upgrades, working capital for EVSX Corp.’s battery‑recycling operations, technical reporting on the Thor gold project, preliminary work for Iceland Resources’ independent listing, and general corporate needs.

Key Details

• Placement Size: Maximum of 20 000 000 units.
• Unit Price: $0.05 per unit → maximum gross proceeds of $1 000 000.
• Unit Composition:
• 1 common share of St‑Georges Eco‑Mining Corp.
• ½ subscription warrant (full warrant = right to buy one additional common share at $0.075).
• Warrant Terms: Exercise price $0.075 per share; exercisable for 24 months from issuance date.
• Acceleration Clause: If the VWAP of the company’s CSE shares ≥ $0.16 for five consecutive trading days, the Company may accelerate warrant expiry, giving holders at most 30 days after notice to exercise.
• Use of Proceeds:
• Capital‑expenditure improvements to operational assets.
• Working capital for battery‑recycling activities within EVSX Corp. subsidiary.
• Funding a NI 43‑101 technical report for the Thor gold project.
• Preliminary work toward an independent listing of Iceland Resources.
• General corporate working‑capital requirements.
• Intermediary Fees: May be paid to qualified intermediaries in connection with the financing.
• Authorization: Issued on behalf of the Board of Directors by Neha Tally, Corporate Secretary.

Notable Quotes

(No executive quotes were included in the release.)