Financing of a securities offering of $ 5.5 million


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Montreal – The press wire – November 11, 2021 St-Georges Eco-Mine Corp. (CSE: SX) (CNSX: SX.CN) (OTC: SXOOF) (FSE: 85G1) is happy to announce a non-intermediary private placement offer of “flow-through” units at a price of $ 0.55 for total gross proceeds of up to $ 5,500,000.

Each FT unit is composed of one (1) ordinary share of the capital of the Company on a “flow-through” basis (each, a “FT To share“) and a half FT share subscription warrant (each, a half”FT Mandate“).

Each FT half Warrant entitles its holder to buy half of a Share at an exercise price of $ 0.65 per share. Mandates will expire 24months after their issue or 30 days after the issue of a press release accelerating the expiration of the vouchers.

In the event that the price of the shares on the Canadian Securities Exchange (the “CST“) achieved $ 1.25 per share each day, the Company may, at its option, accelerate the expiration date of the Warrants by delivering notice to registered holders (a “Acceleration notice“) thereof and the publication of a press release (a”Press release on the acceleration of mandates”, And, in such event, the expiry date of the warrants will be deemed to be 5:00 p.m. (Montreal time) on the 30th day following the later of the following dates: (i) the date on which the notice of The acceleration is sent to the holders of warrants, and (ii) the date of issue of the press release relating to the acceleration of the warrants.

The Company will use the flow-through proceeds from the placement to further advance exploration efforts on the Manicouagan projects in Quebec.

A finder’s fee may be paid on the Offer, subject to the policies of the CSE.

The securities issued within the framework of the Offer are subject to the applicable legal retention period of four months and one day.

Management has received interest from institutional investors for the majority of the Offer and therefore expects to be able to close the Offer on or around November 29, 2021, subject to receipt of applicable regulatory approvals, including the CSE approval.

Further funding efforts related to the EVSX recycling plant, fertilizer production unit and commercial spodumene plant proposed and under consideration are under consideration. The Company does not plan to issue any shares but rather is in talks with institutions to issue debt, bonds and possibly conduct a green bond offering with certain institutions following receipt of the feasibility study.

ON BEHALF OF THE BOARD OF DIRECTORS

“Francois Dumas”

FRANCOIS (FRANC) DUMAS
Director & COO

About St-Georges

St-Georges is developing new technologies to solve some of the most common environmental problems in the mining industry, including maximizing metal recovery and fully recycling electric vehicle batteries. The Company is exploring for nickel and EGP on the Julie Nickel project and the Manicougan Palladium project on the North Shore of Quebec and has several exploration projects in Iceland, including the Thor Gold project. Based in Montreal, St-Georges stock is listed on the CSE under the symbol SX and trades on the Frankfurt Stock Exchange under the symbol 85G1 and in the OTCQB Venture market for American and international companies in the start-up and development phase. Companies are up-to-date in their reports and undergo an annual management audit and certification process. Investors can find real-time quotes and market information for the company at www.otcmarkets.com

The Canadian Securities Exchange (CSE) has not reviewed and accepts no responsibility for the adequacy or accuracy of the contents of this release.



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