St-Georges Platinum and Base Metals Ltd. Corporate Update
25 May 2015 - 8:30PM
Access Wire
Montreal, Quebec /
TNW-ACCESSWIRE /
May
25th, 2015 - St-Georges Platinum and Base Metals
Ltd. (US OTC: SXOOF) (CSE: SX) (FSE: 85G1)
would like to provide a
corporate update to its shareholders.
Changes to Management and Board of
Directors
On May
21st 2015, director Guy Simard tended his resignation due to time
constraints. Mr. William (Bill) Fleming has accepted the position
of independent director on the board of St-Georges.
William (Bill) Fleming has founded
and served as CEO for a number of entrepreneurial companies and has
served with senior executive teams dealing with equity and debt
financings. Mr. Fleming has developed corporate strategies for a
wide range of companies, from family-owned businesses to
multi-national companies. Mr. Fleming is the CEO and Director of
Abattis Bioceuticals Corp and serves as a Director of NWest Energy
Corp. Mr. Fleming has experience in raising equity for junior
mining projects and has experience in mineral exploration
programs.
Mr. Vivian Doyle-Kelly ceased to act as the CFO
of the Company on May 22th 2015
and was replaced by Mr. Rick Barnett.
Mr. Barnett has
extensive corporate experience as a CFO, Controller, and Secretary
with over 20 years of accounting experience serving both public and
private corporations. Rick's experience covers a wide range of
companies producing oil & gas, resource & explorations,
engineering, and research & development industries. Rick is a
member of the Certified General Accountants of British
Columbia.
Share
for debt
The
acquisition agreement for the Villebon project between St-Georges
and Sheridan Platinum Group included an annual advance royalty
payment starting at the end of year 3 (December 2012). $60,000 was
accrued on St-Georges balance sheet in favor of Sheridan and one
million shares will be issued as a Share for debt transaction. The
amended agreement eliminates the advance royalty in favor of
Sheridan in exchange for a 5% interest in the project and the
engagement by St-Georges to deliver a NI 43-101 report no later
than December 2017.
ON BEHALF OF THE BOARD
OF DIRECTORS
Francois (Frank) Dumas
Frank Dumas, President
& CEO
About
St-Georges
St-Georges is a
Platinum-Palladium & Nickel explorer with projects in the
Province of Quebec, Canada. Headquartered in Montreal, the
Company's stock is listed on the CSE under the symbol SX and its
shares trades in the United States under the Symbol SXOOF and on
the Frankfurt Stock Exchange under the symbol 85G1. Its Flagship
project is the Julie Nickel Project on Quebec's North Shore near
the deep-seaport town of Baie-Comeau. For additional information,
please visit our website at www.stgeorgesplatinum.com
Forward-looking
Statement:
This document contains certain
forward-looking statements which involve known and unknown risks,
delays, and uncertainties not under the corporation's control which
may cause actual results, performance or achievements of the
corporation to be materially different from the results,
performance or expectation implied by these forward-looking
statements.
The
Canadian Securities Exchange (CSE) has not reviewed and does not
accept responsibility for the adequacy or the accuracy of the
contents of this release.