(via TheNewswire)
Each FT Unit is comprised of one (1) common share in the capital of the Company on a “flow-through” basis (each, a “FT Share”) and half a FT Share purchase warrant (each, a half “FT Warrant”).
Each half FT Warrant entitles the holder thereof to purchase half a Shareat an exercise price of
In the event that the trading price of the Shares on the Canadian Securities Exchange (the “CSE”) reaches
The Corporation will use the flow through proceeds of the Offering to further advance the exploration effort on the Manicouagan Projects in
A finder's fee might be paid on the Offering, subject to the policies of the CSE.
The securities issued in connection with the Offeringare subject to the applicable statutory four months and one day hold period.
Management has received interest from institutional investors for the majority of the Offering and thus expects to be able to close the Offering on or about
Other financing efforts related to the EVSX recycling plant, the fertilizer production unit, and the proposed and under study commercial spodumene plant are being reviewed. The Company is not expecting to issue equity but, instead, is in talks with institutions to issue debt, bonds and potentially conduct a green bond offering with certain institutions following the reception of the feasibility study.
ON BEHALF OF THE BOARD OF DIRECTORS
"Frank Dumas"
Director & COO
About St-Georges
St-Georges develops new technologies to solve some of the most common environmental problems in the mining sector, including maximizing metal recovery and full circle EV battery recycling. The Company explores for nickel & PGEs on the
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.
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Copyright (c) 2021 TheNewswire - All rights reserved., source