St-Georges Eco-Mining Corp. announced a private placement of up to 12,500,000 units at a price of CAD 0.10 for gross proceeds of CAD 1,250,000 on August 29, 2023. Each unit will consist of one hard cash common shares and one hard cash warrant.

Each warrant will be exercisable at a price of CAD 0.15 which expires 24 months after issuance. The transaction expects to include participation from insiders of the company. The company may pay finder fees and brokerage commissions on the proceeds of the transaction.

The company expects to close the transaction in one or two tranches in September. All securities issued in connection with the transaction will have a 4 month hold escrow period.