SXOOF - New Interim President and Other Management Changes
(TheNewswire)
Montréal – TheNewswire - March 30, 2021 – St-Georges Eco-Mining Corp. (CSE:SX) (OTC:SXOOF) (FSE:85G1) (CNSX:SX.CN) wouldlike to inform its shareholders and stakeholders that effectiveimmediately, Herb Duerr will assume the positions of interim CEO andinterim President. Today, the board of directors received theresignation of Mr. Vilhjalmur Thor Vilhjalmsson from his position asPresident and CEO of St-Georges Eco-Mining Corp. and from hisdirectorships in St-Georges, Iceland Resources, and EVSX. Vilhjalmurwill stay with the Company in a consulting capacity.
Mr. Vilhjalmsson, who took on the interim positions ofPresident & CEO of St-Georges in August 2018, commented:“ (…) I have enjoyed working with the St-Georgesteam over the past four and half years and I feel this is the time toattend to other ventures. I look forward to helping the team whenneeded and staying in a supportive role as one of its largestshareholders (…)”
Frank Dumas, the current Company COO, commented: “(…) Vilh volunteered to fill the voidat a very dark time in the history of the Company when a majortransaction unexpectedly collapsed (…) during his tenure he wasinstrumental in putting the Company back on track, got ZeU Technology,Inc listed on the CSE, completed the acquisition of the remainder ofIceland active mineral licenses that were not already with St-Georges,negotiated grants and a strategic pilot plant partnership for thecompany’s metallurgical R&D effort, helped improve the Companybalance sheet, and was central in the push to create EVSX and its EVbattery recycling business model (…) he worked tirelessly inimproving shareholder value (…) he took over a Company in disarray,sheltered management from relentless critic and harassment followingthe transaction failure and he is now leaving a Company that is allcashed up and now has 10 times the market capitalisation it had whenhe took over the job (…) this is a new chapter in the story ofSt-Georges and we are happy to retain access to Vilh while he moveshis focus to his other ventures (…)”
Effective immediately, Kristín Ólafsdóttir returnsto St-Georges as an independent director, bringing a wealth of legacyknowledge to St-Georges as she was previously the CEO of IcelandResources ehf. She has worked in arctic region exploration at theproject management and senior management levels. Kristín holds anundergraduate degree in Political Science, a master’s degree inPublic Administration, and a diploma in financial economics.
Thordis Bjork Sigurbjornsdottir, who joined theIcelandic team in August 2020, is confirmed in her roles as President& CEO of Iceland Resources. Thordis commented, “(…) It has been a pleasure to workwith Vilh since coming on board with St-Georges. It is an honour tocontinue the work he has carried out in Iceland over the last decade,and we are poised to build on the solid foundation he's constructed. Our team is on the ground in Iceland and is ready to take the nextsteps. Thanks to Vilh, we are in a strong position to continue ourwork in Iceland. We look forward to summer 2021. (…)”
Mark Billings, the Chairman of the Company, added, “(…) I would like to thank Vilh forhis invaluable contributions to St-Georges over the past years asPresident and CEO. The Company is in a much stronger condition todaythan when Vilh first joined us. We recently completed privateplacements that have strengthened St-Georges’ financial condition.We have spun off ZeU Technologies, solidified our position in Icelandand added EVSX to the St-Georges family. While I am personally sad tosee Vilh move on to other opportunities, I am glad that he will stayconnected with the Company as a consultant. (…)”
Herb Duerr, a current director of the Company, commented: “(…) We deeply appreciate Vilh’shard work and strong ethics. His relentless efforts and vision forthe future allowed the St-Georges group of companies to evolve andexpand to its present size. Vilh has also charted a course forfuture endeavours in Canada, Iceland, and other parts of the world,which we will continue to pursue. I wish him the best in his newventures. (…)”
ON BEHALF OF THE BOARD OF DIRECTORS
“MarkBillings”
MARK ANTHONY BILLINGS
Chairman of the Board
About St-Georges
St-Georges is developing new technologies to solve someof the most common environmental problems in the mining industry. TheCompany controls all the active mineral tenures in Iceland. It alsoexplores for nickel & PGEs on the Julie Nickel Project and theManicougan Palladium Project on the Québec’s North Shore.Headquartered in Montreal, St-Georges’ stock is listed on the CSEunder the symbol SX, on the US OTC under the Symbol SXOOF and on theFrankfurt Stock Exchange under the symbol 85G1.
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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