Ms. Lenna Leopoldo reports
ST. AUGUSTINE ANNOUNCES CONVERSION OF $9,120,500 NOTE
The convertible note issued on May 30, 2025, to co-venture partner Nationwide Development Corp. to restructure the ownership interests in the KingKing copper-gold project located in the Philippines has been converted into shares of St. Augustine Gold and Copper Ltd. in accordance with its terms. Nadecor assigned a portion of the note to 16 parties, all at arm's length to the company. Nadecor and the assignees have converted the total principal of $9,120,500 into 185 million company shares at a deemed price of 4.93 cents per share.
About St. Augustine Gold and Copper Ltd.
St. Augustine is a Toronto Stock Exchange-listed mining company focused on the development of the KingKing 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.
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