St. Augustine Announces Closing of Private Placement
ST. AUGUSTINE ANNOUNCES CLOSING OF PRIVATE PLACEMENT
Manila, Philippines – (Newsfile Corp. - December 11, 2025 – St. Augustine Gold and Copper Limited
(TSX:SAU) (“ St. Augustine ” or the “ Company”) is pleased to announce that it has closed the
previously announced private placement of $1,204,500 from the sale of 16.5 million units, each unit
comprising one common share and two warrants, each warrant entitling the holder to subscribe for one
additional common share at $0.11 for a period of 5 years, assuming a number of development
milestones are met during that period.
Pursuant to the rules of the TSX, non-interested shareholders approved this private placement at a
special shareholder meeting held on September 12, 2025. The sole subscriber to this private placement
was an entity controlled by Nicolaos Paraskevas, a director and officer of the Company. As such, this
transaction is a related party transaction under Multilateral Instrument 61-101. As the dollar value of
the transaction is less than 25% of the market capitalization of the Company, the Company relied on
exemptions from the valuation requirements under that policy.
About St. Augustine
St. Augustine (SAU.T) is a TSX-listed mining company focused on the development of the King-king
Copper-Gold Project. The Project is one of the largest undeveloped copper-gold deposits in the world
and is listed as a top three-priority mining project by the Philippine government.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This announcement includes certain “forward-looking statements” within the meaning of Canadian
securities legislation. All statements, other than statements of historical fact included herein are forward
looking statements. Forward-looking statements involve various risks and uncertainties and are based
on certain factors and assumptions. While we consider these assumptions to be reasonable based on
currently available information, they may prove to be incorrect. There can be no assurance that such
statements will prove to be accurate, and actual results and future events could differ materially from
those anticipated in such statements. Forward-looking information is also subject to certain factors,
including risks and uncertainties, that could cause actual results to differ materially from the Company’s
current expectations, including changes in market conditions, governmental or regulatory
developments and general economic conditions. Other risks and uncertainties related to the Company
are disclosed under the heading “Risk Factors” in the Company’s Annual Information Form dated March
31, 2025 and filed with Canadian securities regulatory authorities on the SEDAR+ website
atwww.sedarplus.ca. Forward-looking information contained in this announcement is based on our
current estimates, expectations and projections, which we believe are reasonable as of the current date.
You should not place undue importance on forward-looking information and should nor rely on this
information as of any other date. While we may elect to, we are under no obligation and do not
undertake to update this information at any particular time except as required by applicable securities
law.
For more information:
Nicolaos Paraskevas
Investor and Public Relations Contact
T: +632 77288491