St-Georges Platinum NR

Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

Reply New Message

Prev Message Back To Forum Threaded View Next Message

EyesOpen

Rank: Treasurer [?]

Points: 1035 [?]

Votes: 26 Score: 2.6 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

St-Georges Platinum NR

posted on Sep 02, 2017 11:42AM

We hold some of St. George's. From the most recent F/S's

"The Company held 1,173,076 common shares St-George Platinum and Base Metals Inc. at April 30, 2017 (2016 – 1,173,076 common shares). These common shares were valued at a per share quoted market price of $0.04 at April 30, 2017 (2016 - $0.02)."

http://www.marketwired.com/press-release/st-georges-platinum-and-base-metals-ltd-early-warning-report-2232316.htm

MONTREAL, QUEBEC--(Marketwired - Sept. 1, 2017) - Frank Dumas of Montreal, Quebec, has advised the company of his intentions to exercise his option to acquire 400,000 shares of St-Georges Platinum and Base Metals Ltd. (CSE:SX)(CSE:SX.CN)(CSNX:CN)(OTCQX:SXOOF)(FRANKFURT:85G1) at an execution price of $0.075 per shares today for the principal amount of $30,000. Mr. Dumas also acquired direct ownership of 250,000 shares of St-Georges through the facilities of the Canadian Stock Exchange (CSE) at the market prices of $0.04 per shares between August 29 and August 31 for the aggregate principal amount of $10,000.

Mr. Dumas divested privately of 2,500,000 shares of St-Georges on September 1st in order to fulfill an agreement in relation to his family estate.

Following these transactions, the number of common shares to be owned by Mr. Dumas in relation with these transactions will be of 5,652,078 common shares of St-Georges Platinum or approximately 9.31% of the Issuer's issued and outstanding common shares.

Prior to such transactions, Mr. Dumas held, directly or indirectly or had control over, 7,552,078 common shares representing 12,44% of the common shares of the company and also held 350,000 warrants, 450,000 options and debenture units that could convert into a minimum of 700,000 common shares.

Assuming the exercise of the warrants and the conversion of the debenture, Mr. Dumas would control a total of 6,702,078 common shares or approximately 10.97% of the Issuer's issued and outstanding common shares on a post-conversion beneficial ownership basis.

These holdings will be evaluated and the investments increased or decreased as circumstances warrant.