Tuesday, November 12, 2013 10:39:43 PM
Name of CNSX Issuer: St-Georges Platinum and Base Metals Ltd
Trading Symbol: SX
Number of Outstanding Listed Securities: 15,932,606
Date: November 3, 2013
1. Report on Business
St-Georges is a Platinum, Palladium, Nickel, Copper and Cobalt explorer with projects in the Province of Quebec, Canada. Headquartered in Montreal, the Company’s stock is listed on the CNSX under the symbol SX, on the OTCQX under the Symbol SXOOF and on the Berlin Stock Exchange under the symbol 85G. It owns the Villebon property in Abitibi and the Julie and Isoukustouc properties on Quebec's North Shore near the deep-seaport town of Baie-Comeau.
2. Other Corporate matters:
On October 7, 2013 the company entered into agreements to convert a further $93,913.68 of short term debt into convertible debentures. In July, the Corporation closed a first tranche of the debenture for a total amount of $1,819,753. The Debentures bear interest at an annual rate of 6%. The interests are capitalized and are calculated on a quarterly basis. The Debenture matures on July 2, 2023. At any time up to the Maturity Date, the Debenture is convertible at the option of the holder into fully paid and non-assessable common shares of the Corporation at the average closing price of the Common Shares on its main trading exchange for the 20 day period preceding the receipt by the Corporation of a conversion form, subject to a minimum price of $0.10 per Common Share. The Debentures contain an accelerated conversion clause at the option of the Corporation in the event the closing price of the Common Shares has been at a minimum of $0.20 for any period of 30 consecutive trading days at any time up to the Maturity Date.
The current “securities for debt” Debenture will bear the same terms except for its maturity date that is set for October 5, 2023.
3. Summary of activities on the properties:
Villebon Property
Nothing to report.
Manicouagan Constellation Group of Properties
Nothing to report.
Tétépisca Property
Nothing to report.
Isoukustouc Property
Nothing to report.
Julie Property
Over 10 days of mapping and surface work (beep-mat, sampling) was conducted on the Julie Property in September and October. The work was done under the supervision of St-Georges’ internal team
- No new contracts with related parties need to be disclosed in October 2013.
- There were no contract terminations or financing cancellations in October 2013.
- Acquisition of asset in October 2013: No material transaction to report in October 2013.
- Acquisition of new customers or loss of customers: none in October 2013.
- Brand names, circulation lists, copyrights, franchises, licenses, patents, software, subscription lists and trade-marks: no new developments to be described in October 2013.
- Employee hiring, terminations or lay-offs: the Company currently works with consultants and sub-contractors.
- Labour disputes: not applicable.
- Legal proceedings: none to be reported.
- Indebtedness incurred or repaid by the Issuer: not applicable.
- Options, warrants and shares: no issuances in October 2013
- Loans to Related Parties: none in October 2013
- The board of directors is as follows:
• Frank Dumas, Chairman and Director
• Mark Billings, Director
• Guy Simard, Director
• Herb Duerr, Director
• David Grand, Director
Certificate Of Compliance
The undersigned hereby certifies that:
1. The undersigned is a director and/or senior officer of the Issuer and has been duly authorized by a resolution of the board of directors of the Issuer to sign this Certificate of Compliance.
2. As of the date hereof there was no material information concerning the Issuer which has not been publicly disclosed.
3. The undersigned hereby certifies to CNSX that the Issuer is in compliance with the requirements of applicable securities legislation (as such term is defined in National Instrument 14-101) and all CNSX Requirements (as defined in CNSX Policy 1).
4. All of the information in this Monthly Progress Report is true.
November 03, 2013
(Signed)
Robert Gardhouse
President & CEO
Issuer Details
Name of Issuer:
St-Georges PLATINUM
& BASE METALS Ltd For Month
October Date of Report
03 November 2013
Issuer Address:
630 Sherbrooke West, Suite 410
City/Province/Postal Code
Montreal, QC, H3A 1E4
Issuer Fax No.
403-770-8917 Issuer Telephone No.
Contact Name
Robert Gardhouse
President, CEO Contact Telephone No.
416 577 7900
Contact Email Address
rob@st-georgesplatinum.com
Web Site Address
www.stgeorgesplatinum.com
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