11:59:01 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



St James Gold Corp
Symbol LORD
Shares Issued 22,132,621
Close 2021-09-17 C$ 3.75
Market Cap C$ 82,997,329
Recent Sedar Documents

St. James Gold settles $80K (U.S.) of debt with shares

2021-09-17 16:47 ET - News Release

Mr. George Drazenovic reports

ST. JAMES GOLD CORP. ANNOUNCES DEBT SETTLEMENT TRANSACTION & GRANTS STOCK OPTIONS

St. James Gold Corp. has settled $80,000 (U.S.) of debt through the issuance of common shares of the company. Pursuant to the debt settlement, the company issued 18,392 common shares in the capital of the company at a deemed price of $5.70 per share to North Equities Corp. As announced on July 28, 2021, North Equities and the company entered into a six-month consulting agreement, pursuant to which North Equities is assisting the company with its media outreach strategy. No further payments are due from the company to North Equities pursuant to the agreement. The shares will be subject to a statutory hold period that will expire on the date that is four months and one day from the date of issuance.

The company has also granted 805,000 stock options to directors, officers and consultants of the company to purchase up to 805,000 common shares in the capital of the company. The options are exercisable for a period of two years from the date of grant at an exercise price of $3.19 per share.

About St. James Gold Corp.

St. James Gold is focused on creating shareholder value through the discovery and development of economic mineral deposits by: acquiring prospective exploration projects with well-delineated geological theories; integrating all available geological, geochemical and geophysical datasets; and financing efficient exploration programs. The company currently holds: (i) an option to acquire a 100-per-cent interest in 29 claims covering 1,791 acres in the Gander gold district in north-central Newfoundland adjacent to New Found Gold Corp.'s Queensway North project; and (ii) an option to acquire a 100-per-cent interest in 28 claims covering 1,730 acres in central Newfoundland adjacent to Marathon Gold's Valentine Lake property. The company also announced an option and joint venture agreement dated April 1, 2021, as amended, to acquire up to an 85-per-cent interest in the Florin gold project, covering nearly 22,000 contiguous acres in the historical Tintina gold belt in Yukon.

We seek Safe Harbor.

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