On December 20, 2023, St-Georges Eco-Mining Corp. closed the transaction. The company issued 7,703,700 flow-through units at a price of CAD 0.135 per Unit, for aggregate gross proceeds for this second tranche of CAD 1,039,999.50 in second and final tranche.

The financing was arranged with two institutional investors In connection with the Offering, the Corporation paid a cash finder's fee of CAD 62,400 and issued an aggregate of 462,222 compensation warrants to an arm?s length finder. Each Compensation Warrant entitles the holder thereof to acquire one common share in the capital of the Corporation at a price of CAD 0.175 for a 2-year period from the closing date. All securities issued pursuant to the Offering are subject to the applicable statutory hold period ending April 21, 2024.

The Offering is subject to the approval of the CSE. The company has issued 21,962,960 units in connection with he transaction.