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Share Name | Share Symbol | Market | Type |
---|---|---|---|
St Georges Eco Mining Corp | CSE:SX | CSE | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.005 | -7.69% | 0.06 | 0.055 | 0.06 | 0.06 | 0.06 | 0.06 | 216,160 | 15:56:52 |
THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES St-Georges Platinum and Base Metals Ltd. (CNSX:SX) has entered into an agreement with Jones, Gable & Company Limited in respect of a brokered private placement financing consisting of up to 2,000 common share units, the " A Units", at a purchase price of $1,000 per A Unit and of up to 3,000 flow-through share units, the "B Units", at a purchase price of $1,000 per B Unit to raise total gross proceeds of up to $5,000,000 on a commercially reasonable effort agency basis, the "Brokered Private Placement". The A Units will consist of 5,000 common shares at a price of $0.20 per share and 5,000 common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share of the capital stock of the Corporation at an exercise price of $0.50 per share at any time on or before the date that is 36 months from the date of issuance of the warrant. The B Units will consist of 4,000 flow-through common shares at a price of $0.25 per share and 4,000 common share purchase warrant. Each whole warrant will entitle the holder thereof to purchase one additional common share of the capital stock of the Corporation at an exercise price of $0.50 per Common Share at any time on or before the date that is 12 months from the date of issuance of the warrant, and thereafter at an exercise price of $0.55 per share at any time on or before the date that is 24 months from the date of issuance of the warrant, and thereafter at an exercise price of $0.60 per share, at any time on or before the date that is 36 months from the date of issuance of the warrant. Concurrently the Corporation will conduct a non-brokered private placement financing consisting of up to 2,000 common share units (the " C Units") at a purchase price of $1,000 per C Unit to raise total gross proceeds of up to $2,000,000, the "Non Brokered Private Placement". The C Units will consist of 5,000 common shares at a price of $0.20 per share and 5,000 common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share of the capital stock of the Corporation at an exercise price of $0.50 per share at any time on or before the date that is 36 months from the date of issuance of the warrant. Proceeds of the Units will be used for general working capital purposes and to incur general exploration expenses. The expenses will constitute Canadian exploration expenses and flow-through mining expenditures (as defined in the Income Tax Act (Canada)), which can be renounced to purchasers for the 2010 taxation year. Certain directors, officers and insiders of the Corporation may participate in the Brokered Private Placement and Non-Brokered Private Placement. The securities issued will be subject to a hold period of four months and one day. Both private placements will be subject to approval by the Canadian National Stock Exchange, the "CNSX". About St-Georges St-Georges is a junior Platinum, Palladium, Rhodium, Copper, Cobalt and Nickel explorer with projects in Quebec, Canada. Headquartered in Montreal, Quebec, the company's stock is listed on the CNSX under the symbol SX. It owns a 50% interest in the Villebon property in Abitibi Quebec, a 100% interest in eight North Shore properties that constitute the Manicouagan constellation and a 100% in the Isukoustouc group of properties on the Quebec's North-Shore near the deep sea port town of Baie-Comeau. For additional information please visit our website at www.stgeorgesplatinum.com. THIS PRESS RELEASE, PROVIDED PURSUANT TO APPLICABLE CANADIAN REQUIREMENTS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION OR APPLICABLE EXEMPTION FROM REGISTRATION REQUIREMENTS.
1 Year St Georges Eco Mining Chart |
1 Month St Georges Eco Mining Chart |
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