St-Georges Provides Bi-Weekly Update to Management Cease Trade Order
St-Georges Provides Bi-Weekly Update to Management Cease Trade
Order
-FOR IMMEDIATE RELEASE-
Montréal, July 4, 2021 – St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is
providing an update to its previously disclosed management cease trade order, announced on May 3, 2021,
in respect of the audited annual financial statements and corresponding management’s discussion and
analysis for the year ended December 31, 2020, in cluding the related CEO and CFO certifications ,
collectively, the “Annual Financial Filings”, that were not filed by the required filing deadline of April
30, 2021.
The Annual Financial Filings were not filed on or before the Filing Deadline due to the delay in the
completion of the year-end audit of ZeU Technologies, Inc. (“ZeU”), a corporation in which the Company
has a substantial interest. The Company owns approximately 29.59% of the issued and outstanding common
shares of ZeU . As a result, the Company will need more time to complete its consolidated financial
statements.
The Company is awaiting the finalization of ZeU’s Annual Financial Filings to be able to file its own Annual
Financials. The Company will provide updates as further information relating to the Annual Finan cial
Filings becomes available.
The Company will provide updates as further information relating to the Annual Financial Filings becomes
available.
The MCTO is to be in effect until the Annual Financial Filings are filed.
In granting the initial MCTO the regulators did require that the Annual Financial Filings be filed on
or before July 2, 2021.
The Company legal advisors will be in contact with the different regulatory agencies that are involved in
this process and monitor the situation to know if a for mal extension of the deadline is required. The
Company will have to file its first quarter Interim Financial Statements within days of the dissemination of
its Annual Financial Statements on SEDAR.
Until the Annual Financial Filings are filed, the Company intends to issue bi-weekly default status reports
in accordance with National Policy 12 -203 - Management Cease Trade Orders. The Company intends to
satisfy the provisions of the Alternative Information Guidelines during the period it remains in default of
the filing requirements. The Company confirms that there is no other material in formation relating to its
affairs that has not been generally disclosed.
ON BEHALF OF THE BOARD OF DIRECTORS
“ Frank Dumas”
FRANCOIS (FRANK) DUMAS
Director &COO
A bout St-Georges
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.
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 & PGEs on the
Julie Nickel Project and the Manicougan Palladium Project on the Québec’s North Shore. 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.