Mr. Herb Duerr reports
ST-GEORGES CLOSES $1,500,000 FINANCING FOR CRITICAL MINERALS PROJECTS
St-Georges Eco-Mining Corp. has closed a non-brokered private placement of 16,666,667
flow-through shares
at a price of nine cents
per share. Gross proceeds for this placement are
$1,500,000.03.
The financing was arranged with a single institutional investor which has supported the company's critical mineral projects over the years.
Each FT share is composed of one common share in the capital of the corporation on a flow-through basis. Securities issued pursuant to the offering are subject to the applicable statutory hold period ending June 28, 2025. The offering is subject to the approval of the Canadian Securities Exchange.
"This equity financing was secured under favourable terms, reflecting the strong and continued support of our institutional investors. With this funding, we are well positioned to advance our top exploration assets in Quebec,"
commented Herb Duerr, chief executive officer of St-Georges.
About St-Georges Eco-Mining Corp.
St-Georges develops new technologies and holds a diversified portfolio of assets and patent-pending intellectual property within several highly prospective subsidiaries including: EVSX, a leading North American advanced battery processing and recycling initiative; St-Georges Metallurgy, with metallurgical research and development and related IP, including processing and recovering high-grade lithium from spodumene; Iceland Resources, with high-grade gold exploration projects including the flagship Thor project; H2SX, developing technology to convert methane into solid carbon and turquoise hydrogen; and Quebec exploration projects including the Manicouagan and Julie projects on Quebec's North Shore and Notre-Dame niobium project in Lac Saint-Jean.
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