St-Georges Eco-Mining Corp announced a non-brokered private placement of up to 10,000,000 flow-through units at a price of CAD 0.55 per flow-through unit for gross proceeds of up to CAD 5,500,000 on November 11, 2021. Each flow-through unit consists of one flow-through common share and one half of flow-through common share purchase warrant. Each warrant can be exercised to acquire one common share at a price of CAD 0.65 per share for a period of two years from the date of closing. The transaction is subject to approval from regulatory and Canadian Securities Exchange. The securities are being subject to four months and one day hold period. In the event that the trading price of the shares on the Canadian Securities Exchange reaches CAD 1.25 per share on any single day, the company may, at its option, accelerate the warrant expiry date by delivering a notice to the registered holders; in such case, the warrant expiry date shall be deemed on the 30th day following the later of the date on which the acceleration notice is sent to warrant holders or the date of issuance of the warrant acceleration press release. A finder's fee might be paid on the offering, subject to the policies of the Canadian Securities Exchange. The company has received interest from institutional investors for the majority of the offering and transaction is expected to close on or about November 29, 2021.