Warrants Update
St-Georges receives $970,360 from accelerated warrants
2021-03-28 23:59 ET - News Release
Ms. Neha Tally reports
UPDATE ON WARRANTS EXERCISED
St-Georges Eco-Mining Corp. has disclosed certain significant changes to its capital structure due to the exercise of common share warrants.
As per the end of day on March 26, the company received notice of exercise for all the outstanding warrants for which the expiry date had been accelerated to April 5, 2021, and for a significant quantity of other warrants and options issued and outstanding.
The recently exercised accelerated warrants represented an additional treasury influx of $970,360 that brings the total influx related to warrants exercised in the first quarter of 2021 to a total of $2,472,560.
The company now has 201,153,590 shares issued and outstanding and 9.5 million options, collectively representing $4.6-million in unrealized value for the company, and a total of 28,985,676 common shares warrants, representing a total unrealized value for the company of $15,845,3299.
The company's fully diluted share count is 239,639,266 common shares.
About St-Georges Eco-Mining Corp.
St-Georges is developing new technologies to solve some of the most common environmental problems in the mining industry. The company controls all the active mineral tenures in Iceland. It also explores for nickel and platinum group elements on the Julie nickel project and the Manicougan palladium project on the Quebec's North Shore. Headquartered in Montreal, St-Georges has stock listed on the Canadian Securities Exchange under the symbol SX, on the U.S. OTC under the symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1.
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