SX:CC - Audited Financial Statements: MCTO Bi-Weekly Status Report
(TheNewswire)
Montréal – TheNewswire - August 17, 2022 – St-Georges Eco-MiningCorp. (CSE:SX) (CNSX:SX.CN) (OTC:SXOOF)(FSE:85G1) is issuing its first bi-weeklydefault status reports in accordance with National Policy 12-203 – Management Cease TradeOrders .
On August 3, 2022, the Companyannounced that its consolidated audited financial statements for the15-month period ended March 31, 2022, including the relatedmanagement’s discussion and analysis and the related Chief ExecutiveOfficer and Chief Financial Officer certifications, would not be filedby the required filing deadline of July 29, 2022.
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 the Julie Nickel Project andthe Manicougan Palladium Project on Quebec’s North Shore and hasmultiple exploration projects in Iceland, including the Thor GoldProject. Headquartered in Montreal, St-Georges’ stock is listed onthe CSE under the symbol SX and trades on the Frankfurt Stock Exchangeunder the symbol 85G1 and on the OTCQB Venture Market for early stageand developing U.S. and international companies. Companies are current in their reporting and undergo an annualverification and management certification process. Investors can findReal-Time quotes and market information for 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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