SXOOF - St-Georges to Prosecute its Claims Against Litigious UK Group
(TheNewswire)
Montréal, January 22,202 2 – St-Georges Eco-Mining Corp. (CSE:SX) (OTCQB: SXOOF) (FSE: 85G1) announces today that it has served a statement of claims to BWAGroup PLC, “ BWA ”, and itssubsidiary, Kings of the NorthCorp . The claims seek damages of $277,640 for breach ofcontract and various other causes of action.
The Corporation is aware of the press release issued by BWA onDecember 31, 2021, in which BWA states that it has commenced a civilaction against the Corporation in relation to the KOTN transactions.The BWA claim seeks, among other things, damages of $1,500,000 againstthe Corporation and its former CEO, alleging breach of contract,conspiracy and various other causes of action (the “ BWA Claims ”).
The Corporation believes the BWA claims are entirely without merit andfrivolous. The Corporation will vigorously defend the BWA Claims andwill prosecute its own claims against BWA and KOTN.
Under the circumstance, the Corporation will also undertake to divestits interest in BWA gradually.
“(…) Legal litigation is notpart of St-Georges’ business model (…) the Company has mandatedits lawyers to handle this file and is not expecting management to beside-tracked from the pursuit of its business goals and objectives(…) although a nuisance, the distraction that this lawsuit seeks tocreate, is not significant in relation to the corporation’sstrategic development plan (…)” commented St-Georges’COO, Frank Dumas.
ON BEHALF OF THE BOARD OF DIRECTORS
“Frank Dumas”
FRANK DUMAS
COO & Director.
About St-Georges Eco-Mining Corp.
St-Georges develops new technologies to solve some of the most common environmental problems in the mining sector, including maximizing metal recovery and full circle EVbattery recycling. The Company explores for nickel & PGEs on theJulie Nickel Project and the ManicouganPalladium Project on Quebec's North Shore and has multiple explorationprojects in Iceland, including the Thor GoldProject. Headquartered in Montreal, St-Georges' stock is listed on theCSE under the symbol SX and trades on theFrankfurt Stock Exchange under the symbol 85G1 and on the OTCQBVenture Market for early stage and developingU.S. and international companies. Companies are current in theirreporting and undergo an annual verification and management certification process. Investors can find Real-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 the adequacy or the accuracy of the contents of this release.
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