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07:04:11 EST Sun 08 Feb 2026
Enter Symbol
or Name
USA
CA



St Augustine Gold and Copper Ltd
Symbol SAU
Shares Issued 919,626,084
Close 2023-06-06 C$ 0.055
Market Cap C$ 50,579,435
Recent Sedar+ Documents

St. Augustine holder Queensberry acquires 91.77M shares

2023-06-06 19:03 ET - News Release

Aimee Subject: St. Augustine - News Release Word Document File: '\\swfile\EmailIn\20230606 155610 Attachment Press Release - May 2023 placement - V1.docx' ST. AUGUSTINE ANNOUNCES PLACEMENT BY QUEENSBERRY Singapore - 5th June 2022 - St. Augustine Gold and Copper Limited (TSX:SAU) ("St. Augustine" or the "Company") is pleased to announce that it has entered into an agreement with its major shareholder Queensberry Mining and Development Corp. ("Queensberry") whereby the latter, through a private placement, subscribed to 91,778,683 common shares of the Company (the "Shares") at a price of CAD$0.041248594 per share. Following completion of the placement, Queensberry will hold 500,457,239 Common Shares, representing approximately 49.48% of the issued and outstanding Common Shares. Closing of the placement is expected to occur on or about 5th June 2023 and the same is subject to the approval of the Toronto Stock Exchange. The placement is a "related party transaction" for the purposes of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on an exemption from the minority approval and formal valuation requirements of MI 61-101 due to the fact that the value of the transaction does not represent greater than 25% of the market capitalization of the Company. The Company has not filed a material change report 21 days prior to the closing of the placement as no agreement to that effect was in place at that time. About St. Augustine St. Augustine (SAU.T) is a TSX-listed mining company focused on the development of the King-king Copper-Gold Project. The Project is one of the largest undeveloped copper-gold deposits in the world and is listed as a top three-priority mining project by the Philippine government. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This announcement includes certain "forward-looking statements" within the meaning of Canadian securities legislation. All statements, other than statements of historical fact included herein are forward looking statements. Forward-looking statements involve various risks and uncertainties and are based on certain factors and assumptions. While we consider these assumptions to be reasonable based on currently available information, they may prove to be incorrect. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking information is also subject to certain factors, including risks and uncertainties, that could cause actual results to differ materially from the Company's current expectations, including changes in market conditions, governmental or regulatory developments and general economic conditions. Other risks and uncertainties related to the Company are disclosed under the heading "Risk Factors" in the Company's Annual Information Form dated [*bullet*] and filed with Canadian securities regulatory authorities on the SEDAR website at www.sedar.com. Forward-looking information contained in this announcement is based on our current estimates, expectations and projections, which we believe are reasonable as of the current date. You should not place undue importance on forward-looking information and should nor rely on this information as of any other date. While we may elect to, we are under no obligation and do not undertake to update this information at any particular time except as required by applicable securities law. For more information: Lenna Mae Leopoldo Investor and Public Relations Contact ST. AUGUSTINE CORPORATE HEADQUARTERS T: +6382 225 0884 No.21, Greenwood Lane, E: lleopoldo@kingkingproject.com Singapore, 286949

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