St-Georges Eco-Mining Corp. announced a non-brokered private placement of 4,185,715 units at a price of CAD 0.35 per unit for gross proceeds of CAD 1,465,000.10 on December 21, 2021. The transaction included participation from four investors. Each unit is comprised of one common share and one share purchase warrant. Each warrant entitles the holder thereof to purchase a share at an exercise price of CAD 0.40 per share until June 21, 2023. The company paid finder fee of CAD 98,000 in cash and issued 351,429 non-transferable finder’s warrants entitling the holder thereof to purchase one share at an exercise price of CAD 0.40 per share until the warrant expiry date. All securities issued pursuant to this transaction are subject to the applicable statutory hold period ending April 22, 2022. The transaction is subject to the approval of the CSE.