(TheNewswire)
This press release is issued pursuant to Multilateral Instrument 62-104 - Take-Over Bids and Issuer Bids and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.
MONTREAL, QUEBEC / TheNewswire / September 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) (US OTC: SXOOF) (FSE: 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.
A report respecting this acquisition will be electronically filed with the Securities Commission in each jurisdiction where the Issuer is reporting and will be available for viewing through the Internet at the Canadian System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.
Frank Dumas
+1.514.512.9878
230, Notre-Dame West, H2Y 1T3
Montreal, Qu?(C)bec
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