SXOOF - St-Georges Eco-Mining Corp. - Early Warning Report -
(TheNewswire)
This press release is issued pursuantto Multilateral Instrument 62-104 - Take-Over Bids and Issuer Bids andNational Instrument 62-103 - The Early Warning System and RelatedTake-Over Bid and Insider Reporting Issues.
PIERREFONDS, QUÉBEC– TheNewswire - Mar ch 3, 2021 - François(Frank) Dumas of Pierrefonds,Québec , has subscribed an amount of 4, 413, 333 units of the companyprivate securities offering, representing a total of 4,413,333 shares and 2,080,000 warrants at an execution price of $0.65 and 2,333,333 warrants at an execution price of $0.75 . Those warrantsSt-Georges Eco-Mining Corp. (CSE:SX) (CNSX:SX.CN) (OTC:SXOOF) (FSE:85G1) areexpected to expire on or before March 4, 2024. Mr. Dumas subscribedfor a total of $2,440,000 in the current shares offeringexpected to close in the coming days.
Following this transaction, the number of common sharesto be owned by Mr. Dumas in relation with this transaction will be of 13,400,565 common shares of St-Georges Eco-Mining or approximately 6.93% ofthe Issuer's issued and outstanding common shares.
Prior to such transactions, Mr. Dumas held, directly orindirectly or had control over, 8,987,232 common sharesrepresenting 5.2% of the common shares of the company and held 250,000warrants and 2,000,000 options.
Assuming the exercise of the warrants and options, Mr.Dumas would control a total of 20,063,898 common shares or approximately 10.4% ofthe Issuer's issued and outstanding common shares on a post-conversionbeneficial ownership basis.
These holdings will be evaluated and the investments increased ordecreased as circumstances warrant.
A report respecting this acquisition will beelectronically filed with the Securities Commission in eachjurisdiction where the Issuer is reporting and will be available for viewingthrough the Internet at the Canadian System for Electronic DocumentAnalysis and Retrieval (SEDAR) at www.sedar.com .
François (Frank) Dumas
+1.514.295.9878
1000, rue Sherbrooke Ouest, Suite 2700, Montréal,Québec H3A 3G4
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