SX:CC - Audited Financial Statements: MCTO 2nd Bi-Weekly Status Report
(TheNewswire)
Montréal – TheNewswire - August 31, 2022 – St-Georges Eco-MiningCorp. (CSE:SX) (OTC:SXOOF) (FSE:85G1) is issuingits second bi-weekly default status reports in accordance withNational Policy 12-203 – Management Cease Trade Orders .
St-Georges is providing an update to its previouslydisclosed management cease trade order (“ MCTO ”), initiallyannounced on August 3, 2022, in respect of the consolidated audited financial statements for the 15-monthperiod ended March 31, 2022, including the related management’sdiscussion and analysis and the related Chief Executive Officer andChief Financial Officer certifications, as well as the interimfinancial statements and corresponding management’s discussion andanalysis for the period ended June 30, 2022, including the relatedChief Executive Officer and Chief Financial Officer certifications(collectively, the “ Financial Documents ”) that were not filed bytheir respective filing deadlines of July 29, 2022, and August 29,2022 (the “ FilingDeadlines ”).
The Financial Documents were not filed on or before theFiling Deadline as the new Auditors require additional time to reviewall past transactions and complete the audit of the Corporation’sfinancial statements.
Management expects to file the Financial Documents nolater than September 30, 2022. The Corporation will provide updates asfurther information relating to the Financial Documents becomesavailable.
The Corporation has applied to the applicablesecurities regulatory authorities and received a Management CeaseTrade Order (“ MCTO ”) imposed against the Chief ExecutiveOfficer (CEO) and the Chief Financial Officer (CFO) of theCorporation, precluding them from trading securities of theCorporation. The MCTO will be in effect until the Financial Documentsare filed and requires that the Financial Documents be filed on orbefore September 30, 2022.
Until the auditors have completed their review of alloutstanding questions, the Corporation intends to issue bi-weeklydefault status reports in accordance with National Policy 12-203 – Management Cease TradeOrders . The Corporation intends to satisfy theprovisions of the Alternative Information Guidelines during the periodit remains in default of the filing requirements. The Corporationconfirms that there is no other material information relating to itsaffairs that has not been generally disclosed.
Other than as disclosed herein, the Corporation is upto date in its filing obligations.
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ON BEHALF OF THE BOARD OF DIRECTORS
“Herb Duerr”
HERB DUERR
President & CEO
About St-Georges Eco-Mining Corp.
St-Georges develops new technologies to solve some ofthe most common environmental problems in the mining sector, includingmaximizing metal recovery and full circle EV battery recycling. TheCompany explores for nickel & PGEs on theJulie Nickel Project and the Manicouagan Palladium Project onQuebec’s North Shore and has multiple exploration projects inIceland, including the Thor Gold Project. Headquartered in Montreal,St-Georges’ stock is listed on the CSE under the symbol SX andtrades on the Frankfurt Stock Exchange under the symbol 85G1 and onthe OTCQB Venture Market for early stage and developing U.S. andinternational companies under the symbolSXOOF . Companies are current in their reportingand undergo an annual verification and management certificationprocess. Investors can find Real-Time quotes and market informationfor the company on www.otcmarkets.com
The Canadian Securities Exchange(CSE) has not reviewed and does not accept responsibility for theadequacy or the accuracy of the contents of this release.
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