SXOOF - Update on Warrants Exercised
(TheNewswire)
Montréal - TheNewswire - March 28, 2021 - St-Georges Eco-Mining Corp. (C NSX :SX. CN ) (OTC:SXOOF) (FSE:85G1) would like to disclosecertain significant changes to its capital structure due to theexercise of common share warrants.
As per end of day, Friday, March 26, the Company hadreceived notice of exercise for all the outstanding warrants for whichthe expiry date had been accelerated to April 5, 2021, and for asignificant quantity of other warrants and options issued andoutstanding.
The recently exercised accelerated warrants representedan additional treasury influx of $970,360 that brings the total influx relatedto warrants exercised in the first quarter of 2021 to a total of $2,472,560.
The Company now has 201,153,590 sharesissued and outstanding and 9,500,000 options collectively representing $4,600,000 in unrealized value for the Company and a total of 28,985,676 common shareswarrants representing a total unrealized valuefor the Company of $15,845,3299.
The Company’s fully diluted share count is 239,639,266 common shares.
ON BEHALF OF THE BOARD OF DIRECTORS
"Neha E.Tally"
NEHA EDAH TALLY
Corporate Secretary
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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