Closing of Second Tranche of Financing Offering
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or
the accuracy of the contents of this release.
Closing of Second Tranche of Financing Offering
-FOR IMMEDIATE RELEASE-
Montréal, December 19 , 201 9 – St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is
pleased to announce that it has closed a second tranche of 250,000 hard cash units and 5,060,000 “flow-through”
units at a price of $0.10 per unit of its non-brokered private placement, the “Offering”, for aggregate gross proceeds
of $531,000. The company expect to close the 3rd and last tranche of the placement in the coming days.
Each Hard Cash Unit is comprised of one (1) common share (each, a “ Share”) in the capital of the Co rporation and
one (1) Share purchase warrant (each whole, a “ HC Unit Warrant”), entitling the holder to purchase one (1) Share
at an exercise price of $0.185 until September 18, 2020 (the “Warrant Expiry Date”).
Each Flow-Through Unit is comprised of one (1) Share on a “flow -through” basis (each, a “ FT Share”) and one -
half of one (1 /2) Share purchase warrant (ea ch whole, a “ FT unit Warrant”), entitling the holder th ereof to
purchase one (1) Share at an exercise price of $0.20 per Share until the Warrant Expiry Date.
In the event that the trading price of the Shares on the Canadian Securities Exchange (the “ CSE”), or such other
exchange on which the Corporation becomes listed, reaches $0.25 per Share on any single day, the Corporation may,
at its option, accelerate the Warrant Expiry Date by issuing a press release (a “ Warrant Acceleration Press
Release”, and, in s uch case, the Warrant Expiry Date shall be deemed to be 5:00 p.m. (Montreal time) on the later
of: (i) the day following the 4 months period from the closing date of the Offering, and (ii) the 30th day following the
date of issuance of the Warrant Acceleration Press Release.
The Corporation will use the proceeds of the Offering for exploration work on its properties and working capital.
The Corporation paid finder fee of $32,480 in cash and issued 324,800 non-transferable share purchase warrants
entitling the holder thereof to purchase one (1) Share at an exercise price of $0.20 per Share until the Warrant Expiry
Date.
All securities issued pursuant to this tra nche of the Offering are subject to the applicable statutory hold period
ending April 19, 2020. The Offering is subject to the approval of the CSE.
ON BEHALF OF THE BOARD OF DIRECTORS
"Vilhjalmur T. Vilhjalmsson"
VILHJALMUR THOR VILHJALMSSON
President & CEO
About St-Georges
St-Georges is developing new technologies to solve the some of the most common environmental problems in the
mining industry. The Company controls directly or indirectly, through rights of first refusal, all of the active mineral
tenures in Iceland. It also explores for nickel on the Julie Nickel Project & for industrial minerals on Quebec's North
Shore and for lithium and rare metal s in Northern Quebec and in the Abitibi region. Headquartered in Montreal, St -
Georges' stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the
Frankfurt Stock Exchange under the symbol 85G1