SXOOF - St-Georges Requires Additional Time to File Audited Financial Statements
(TheNewswire)
Montréal – TheNewswire- August 3, 2022– St-Georges Eco-MiningCorp. (CSE:SX) (OTC:SXOOF) (FSE:85G1) announcesthat its consolidated audited financial statements for the 15-monthsperiod ended March 31, 2022, including the related management’sdiscussion and analysis and the related Chief Executive Officer andChief Financial Officer certifications will not be filed by therequired filing deadline of July 29, 2022.
The Financial Documents will not be filed on or beforethe Filing Deadline as the new Auditors require additional time toreview all past transactions and complete the audit of theCorporation’s financial 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 currentin their reporting and undergo an annual verification and managementcertification process. Investors can find Real-Time quotes and marketinformation 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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