SXOOF - St-Georges Files 2020 Audited Financial Statements
(TheNewswire)
Montréal – TheNewswire - July 16, 2021 – St-Georges Eco-Mining Corp. (CSE:SX) (CNSX:SX.CN) (OTC:SXOOF) (FSE:85G1) is pleasedto disclose that it has filed its 2020Year End Audited Financial Statements on SEDAR. The FinancialStatements includes a restatement of 2019 Year End Audited FinancialStatements.
The company has incurred losses of$14,096,033 for the year 2020 compared to losses of $2,892,869(restated) for the year 2019.
All digital assets held by theCompany’s subsidiaries have been written off to NIL.
The principal amount of £2,151,409 afair value of $2,238,797 of the convertible loan receivable from BWAhas been written off. The Company recognized a loss on the change infair value of the convertible loan of .
On May 3, 2021, the British Columbia Securities Commission (the“ BCSC”) approved a MCTO imposed against theChief Executive Officer, Mr. Herb Duerr and Chief Financial Officer,Mr. Richard Barnett, of the Company precluding them from tradingsecurities of the Company. The MCTO required the Annual FinancialFilings to be filed on or before July 2, 2021 . On July 6, 2021, after review, theBCSC granted a further extension for the filing of the AnnualFinancial Filings until July 15, 2021, as well as an extension for thefiling of the Company’s interim financial statements andcorresponding management’s discussion and analysis for thethree-month period ended March 31, 2021, including the related CEO andCFO certifications which must befiled before July 20, 2021.
The Company confirms that there is no other material informationrelating to its affairs that has not been generally disclosed.
ON BEHALF OF THE BOARD OF DIRECTORS
“ Frank Dumas”
FRANCOIS (FRANK) DUMAS
Director &COO
A bout St-Georges
St-Georges is developing new technologies to solve some of the most common environmental problems in the miningindustry. The Company controls all the active mineral tenures inIceland. It also explores for nickel & PGEs on the Julie Nickel Project and the Manicougan Palladium Project on the Québec’s North Shore. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under thesymbol SX, on the US OTC under the Symbol SXOOF and on the FrankfurtStock 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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