Ms. Neha Tally reports
EVSX PROPOSED CONVERTIBLE DEBENTURE FINANCING
St-Georges Eco-Mining Corp. has arranged a convertible debenture financing in its wholly owned subsidiary, EVSX Corp.
The convertible debenture will be for a maximum amount of $400,000, bearing interest at 17.65 per cent capitalized in advance, with a one-year maturity. Holders will have the option to convert the debentures, including capitalized interest, into common shares of St-Georges Eco-Mining at a conversion price of eight cents per share.
EVSX will have the option to prepay the debentures no earlier than 90 days following issuance.
All securities issued under this debenture will be subject to the standard regulatory four-month hold period.
Proceeds will be used for the operations of the EVSX Thorold plant and for general working capital purposes.
About St-Georges Eco-Mining Corp.
St-Georges develops new technologies and holds a diversified portfolio of assets and patent-pending intellectual property within several highly prospective subsidiaries including: EVSX, a leading North American advanced battery processing and recycling initiative; St Georges Metallurgy, with metallurgical R&D (research and development) and related IP, including processing and recovering high-grade lithium from spodumene; Iceland Resources, with high-grade gold exploration projects including the flagship Thor project; H2SX, developing technology to convert methane into solid carbon and turquoise hydrogen; and Quebec exploration projects including the Manicouagan and Julie (CSM) projects on Quebec's North Shore, and Notre-Dame niobium project in Lac St Jean.
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