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From Insidexploration: Great Summary Reading. I copied and paste.
St-Georges Announces the Closing of the $5.57M Offering
by MikeyMike426 November 30, 2021 in SX, SX News
0
St-Georges Announces the Closing of the $5.57M Offering
Montréal – November 30, 2021 – St-Georges Eco-Mining Corp. (CSE:SX) (OTC:SXOOF) (FSE:85G1) (CNSX:SX.CN) is pleased to announce the closing of its previously announced non-brokered private placement offering of 10,127,273 “flow-through” units at a price of $0.55 for total gross proceeds of $5,570,000.15. A total of 11 subscribers participated, including 4 insiders for $305,000 and 3 institutional investors in Sprott Assets, Maple Leaf and Marquest for $3,725,000 or 66.8%.
Each FT Unit is comprised of one (1) common share in the capital of the Company on a “flow-through” basis (each, a “FT Share”) and one half (0.5) FT Share purchase warrant (each, a “FT Warrant”). Each full FT Warrant entitles the holder thereof to purchase one (1) Share at an exercise price of $0.65 for a period of 24 months (the “Warrant Expiry Date”).
In the event that, during the period of 4 months following the closing date of the Offering, the trading price of the Shares on the Canadian Securities Exchange (the “CSE”) reaches $1.25 per Share on any single day, the Corporation may, at its option, accelerate the Warrant Expiry Date by delivery of notice to the registered holders (an “Acceleration Notice”) thereof and issuing a press release (a “Warrant Acceleration Press Release”, and, in such case, the Warrant Expiry Date shall be deemed to be 5:00 p.m. (Montreal time) on the 30th day following the later of (i) the date on which the Acceleration Notice is sent to warrant holders, and (ii) the date of issuance of the Warrant Acceleration Press Release.
The Corporation will use the proceeds of the Offering to further advance the exploration effort on its wholly owned Manicouagan Project following important recent developments.
The Corporation paid finder fees of $302,700.01 in cash and issued: (i) 557,273 non-transferable Finder’s warrants entitling the holder thereof to purchase at an exercise price of $0.65.
All securities issued pursuant to this Offering are subject to the applicable statutory hold period ending March 31, 2022. The Offering is subject to the approval of the CSE.
Related Party Transaction
Certain insiders of the Corporation subscribed for a total of 554,545 FT Units under the Offering, which is a “related party transaction” within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The issuances to the insiders are exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in section 5.5(b) as the Corporation’s shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in section 5.7(a) of MI 61-101 in that the fair market value of the consideration of the securities issued to the related parties did not exceed 25% of the Corporation’s market capitalization. The Corporation did not file a material change report more than 21 days before the expected closing of the Offering as the details of the Offering and the participation therein by related parties of the Corporation were not settled until shortly prior to closing and the Corporation wished to close on an expedited basis for sound business reasons.
ON BEHALF OF THE BOARD OF DIRECTORS
“Neha E. Tally”
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Breaking news! @StGeorgesPlat $SX $SXOOF
Announces the Closing of a $5.57M Offering with @Sprott, @MapleLeafFunds and Marquest Asset Management, accounting for 66.8%.
St-Georges Announces the Closing of the $5.57M Offering
Montréal - November 30, 2021 – St-Georges Eco-Mining Corp. (CSE:SX) (OTC:SXOOF) (FSE:85G1) (CNSX:SX.CN) is pleased to announce the closing of
“@Mikeymike426 They have the highest nickel concentrate in the world and tailings that absorb carbon. The main deposit is already one of the largest with a highway and power lines running right through it! IN AN ESTABLISHED MINING CAMP!” https://ceo.ca/cnc?35d2e817cf53 $CNIKF
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TheAssay avatarThe Assay - Mining Magazine29 Nov1465167676825817090
Bob Archer, president, CEO and director of @NewrangeNRG (TSXV: NRG | OTC: NRGOF | FRA: X6C), talks to Assay TV about the company’s recent acquisition of the past-producing, high-grade Agosy Gold Mine.
https://hubs.la/H0_WcX00
#TheAssayTV #NewrangeGold
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ArcPacific_ACP avatarArcPacific Resources Corp21h1465706200448725001
Planned work covering a new priority target area at #LuckyMike.
Follow for updates & see link below for more:
https://arcpacific.ca/projects/silver-lode-lucky-mike/
Planned work covering a new priority target area at #LuckyMike.
— First Atlantic Nickel (@FirstAtlanticNi) November 22, 2021
Red circles indicate proposed drill pad locations & the pink outline shows the location of potassic radiometric anomaly from an airborne survey.
Follow for updates + see link below for morehttps://t.co/MGeUC1quzr pic.twitter.com/1qOhDlc1w1
Here is the latest news release.
https://insidexploration.com/st-georges-announces-the-closing-of-the-5-57m-offering/
When the first set of news comes out a couple months from now there will be many regrets.
MicroTech has received its certification for 2020 as a Certified Minority Business Enterprise, by the Capital Region Minority Supplier Development Council! #MicroTech #NMSDC #certification @MicroTechCEO
In order to remain a certified minority they must sub contract.. QBAN should be getting some contracts soon.
https://twitter.com/MicroTech
I had a past conversation with the CEO of Qban and he stated that he will not publish any press releases just for the sake of putting a press release out there. He said he will only publish press release when the information is significant and relevant to Qban.
Those that are impatient will have to wait. But good news is on the way.
Qban is a strong buy.
It's happening folks, right before your eyes. Don't miss out on the ride. Straight to copper
The next three month will tell us if you are correct.
By then it will be difficult to get shares on the cheap
In the last six months, or so, more and more federal agencies are drawing up final solicitations to make the move to GSA's $50 billion, 15-year Enterprise Infrastructure Solutions (EIS) contract. Vendors anticipate a flood of EIS solicitations and contract awards ahead of GSA's March 31, 2020 deadline that will restrict the use of its current Networx and local service agreement contracts.
https://fcw.com/articles/2019/12/02/eis-vendor-solicitation-rockwell.aspx?admgarea=TC_Agencies
We should know something by March of next year. It's coming
In 2013 a federal contractor (Microtech) that has benefited from its status as a “small business” despite raking in more than $300 million in contracts spent many years proving that they indeed qualified because most of the contracts were subcontracted to other minority owned businesses.
Facing allegations that Microtech took unfair advantage of the government's small business programs they (Microtech) spent years defending themself.
Secondly:
The CEO when asked what does he take issue with most? The notion that he stood up a reseller company, GovWare, for the sole purpose of later buying it out and profiting from its contracts. The reality, he said, is that MicroTech and its investors tried to incubate a company run by one of his former employees, but had to buy the owner out to keep the company from going bankrupt.
Qban's situation: Buying out a company and rejuvenating it for the purpose of making it a profitable company is not strange or new to Microtech. They were accused of that and more in their infancy yet they prevailed and has become the most successful veteran minority owned business in the USA.
So Sling, that news about the previous owners is old news. Focus on the now and prepared for good things happening in the future for Qban.
Before Telco bought the company the previous owners were devious but now it's a different company under different management.
The past company is not to be associated with the current company. I believe the current CEO is doing his best to move the company in the right direction. Every step forward will not be perfect. It's just the nature of doing business, sometimes decision will be made that does not pan out, like naked papers but that should not stop progress.
This one deal with Microtech should make a difference. A few more month and we should know for sure. Plus, they are looking at other acquisitions. Let's wait and see.
It takes thousands of dollars to bring the company current. Accounting fees, lawyers, etc. The ones that are scam usually are not current. They don't spend that much money unless it's serious business.
If you notice, Qban only send out press releases when they have worth while news. Unlike those who pump and dump stocks who send out news frequently.
Currently Qban is a good company with good things happening now and in the future.
The last time I checked they were up to date with their filings and is considered a legitimate pink.
That makes them not a scam but a company
Microsoft started with 2 employees in a garage.
Qban has at least 7 currently
The information on Qban as a teaming partner is legitimate.
The only question is "why up to this point Microtech chose not to communicate with any of the teaming partners including Qban".
My opinion is that they were busy preparing for the "ATO (Authority to Operate)" which took them over 2 years and a few million dollars.
Now that everything is in place we await Microtech's next move in regards to sub contracting work to the teaming partners.
With the acquisition of the cable/satellite company Qban is even in a better position than they did in the past. Plus we await the information on the next acquisition being worked on as we speak.
I see good things in the near future for Qban.
With Telco being a part of the teaming agreement they will receive sub contract work from Microtech (from the GSA 50 billions federal contract.
This will become a significant part of the revenue stream over the next 10 years
They were all informed that Microtech was selected but none of them have heard from Microtech since. Now that Microtech has the Authority To Operate many thinks that Microtech will now be reaching out to the teaming partners hopefully with sub contracting work.
Latest info:
None of the teaming partners on the teaming agreement have heard anything from Microtech since the announcement about them being one of the ten companies awarded the GSA contract.
Now that they have done all the preliminaries and have received the Authority to Operate, the expectation is that we should be hearing something shortly.
This stock is about to skyrocket soon. So tighten your seat belts.
Buy now when it's cheap. Later the price will be prohibitive
This is what I think happened. Microtech was busy getting the approval to do business with the federal government over the last couple years. This took time plus a few million dollars to complete. Now that they are fully approved (as of 10/29/2019) to do business the news should get out about work to be sub contracted hopefully to QBAN in the near future.
If I am wrong I stand corrected but I believe my thinking is straight. We shall see!
Microtech finally got the go ahead.
http://microtech.net/press-releases/microtech-obtains-authority-operate-50-billion-contract
The next few months will prove that QBAN will benefit from the teaming agreement.
GSA EIS Transition Progress and Possible Extension
https://ezgovopps.com/home/research/gsa-eis-transition/
The deadline for the three-year transition to the next-gen telecommunications contract EIS (Enterprise Information Services) is currently May of 2020, however both analysts and officers believe that an extension is likely. The $50 billion, 15-year contract is taking the place of older telecommunications contracts including Networx, Washington Inter-agency Telecommunications System 3, and Local Telecommunications Services.
GSA did the right thing by assisting federal agencies with transition plans before the EIS award and offering task order templates to try and avoid the long and expensive six-year transition process to the previous Networx telecommunications contract, but it apparently hasn’t been enough. Contractors expecting EIS task orders from agencies to start releasing last fall have only seen a moderate amount thus far.
In terms of the Authorization to Operate (ATO) that each contractor requires from the GSA to participate on the EIS contract, as of GSA EIS Transition 2020Nov 7th, three of the nine contractors were past 70% complete for the Business Support Systems (BSS) Security Assessment and Authorization. This includes AT&T, CTL (Level 3), and Verizon. The other six contractors are between 28% and 46%. This report is available here.
Procuring the ATO requires extensive resources and often millions of dollars to complete, so it is not surprising that the largest contractors are in the lead. Once GSA grants these authorizations, agencies will then be able to officially sign contracts with preferred EIS providers, which would then be able to begin operation of their systems.
UPDATE 12-13-18 The GSA is offering extensions to 2023 for agencies that qualify for extensions. To qualify for this extension, the agency must incorporate 4 different provisions for technology modernization. These improvements include enhancing overall network cyber-security, getting away from time-division multiplexing tech, terminating legacy services and adopting VoIP/unified communications, and leveraging cloud and managed services.
GSA is pushing for agencies to release their EIS solicitations by March 31, 2019. It’s expected that agencies should be substantially complete in moving to EIS by 2022.
The recently released December report for ATO completion status shows that AT&T, CenturyLink and Verizon are nearing 90% completion. The remaining six vendors remain below 50% completion.
Latest info on GSA 50 Billion Contract for Microtech involvement which hopefully will benefit QBAN. Microtech is still waiting for ATO (Authority to Operate) approval.
https://www.nextgov.com/it-modernization/2019/10/gsa-certifies-two-more-vendors-ahead-task-order-deadline-50b-telecom-contract/160457/
OCTOBER 8, 2019
Two more authorities to operate bring the total to five, with four more vendors waiting to get certified to get a piece of GSA’s massive Enterprise Infrastructure Solutions contract.
COMMUNICATIONS
PROCUREMENT
GSA
Two more vendors on the General Services Administration’s $50 billion Enterprise Infrastructure Solutions telecom contract received an authority to operate, or ATO, verifying they can provide a baseline of cybersecurity for the infrastructure that enables agencies’ IT to function.
BT Federal and Harris have been added to the list of completed ATOs, where they join AT&T, CenturyLink and Verizon. The remaining four vendors—CoreTech, Granite, MetTel and MicroTech—are still in progress, GSA confirmed.
“We’re currently in the assessment phase with the remaining vendors who are working to receive an ATO for their Business Support Systems," Allen Hill, director of GSA’s Office of Telecommunication Services, told Nextgov in an email Tuesday. "The next BSS Security Assessment and Authorization Status Report will be posted on Interact tomorrow, October 9. We’re engaged daily with all our industry partners to ensure the success of the EIS program.”
The two companies officially obtained their ATOs on Sept. 25, just five days before the end of the fiscal year and GSA’s deadline for agencies to issue task orders. GSA has been pushing agencies to move on the EIS transition to ensure there is enough time to switch over from contracts on the expiring Networx and WITS-3 contracts, though in the past Hill had said that many were not going to make the Sept. 30 deadline.
“Even though the Sept. 30 date may pass for some agencies, it’s more of a yellow light type thing for folks who really need to turn it up a little more in these next few months and get things out there,” Hill said in August. “And agencies are responding, they really are. They are buckling down.”
While the task order deadline is fuzzy, the May 2023 expiration of the Networx and WITS-3 contracts are not.
"They are there because we have mandates that we have to meet and so those dates don’t change,” Hill said. “We have been working very closely to understand where the agencies are and I don't think they are going to miss any of the other dates. They are really applying all the resources and they’re working as hard as they can.”
With an official ATO, BT Federal and Harris are now positioned to take advantage of their position on EIS, as the companies were not eligible for task orders on the contract until their cybersecurity postures had been verified.
The companies will also have to maintain that certification through continuous monitoring of their security systems. The ATOs also expire in three years, meaning the vendors will have to go through the process again in order to continue work on ongoing and future task orders.
“We’re excited to help federal agencies accelerate their IT modernization objectives, enabling them to focus on delivering mission-critical services,” BT Federal President Tony Wellen said in a statement. “In addition to enabling federal agencies to adopt disruptive new solutions to modernize their legacy IT infrastructure, we’re also delivering the innovative cybersecurity solutions required to defend distributed network architectures.”
GSA originally awarded 10 spots on the contract in 2017, but the merger between CenturyLink and Level 3 last year led to a merger of their contract award, as well.
Great to see that they are getting rid of Naked Papers.
Now they can focus on preparing the rest of the companies to service the GSA Contract.
They are quietly putting together the infrastructure to facilitate the work that will be subcontracted to them. When the news finally comes out many will rush in trying to get shares cheap.
Those that have loaded up will be able to then liquidate at an enormous profit.
Stay tuned.
I'll be loading up again at the end of the week. This will give you a chance to get out and let me eat up your position.
If you're this pessimistic about the company it will help to keep the price down while I load up. So thank you for the help.
Somethings we do know
1. Qban is mentored by Microtech
2. Microtech receive two 50 Billions contracts
3. Microtech must sub contract to remain eligible for more contract
4. Qban was a teaming partner on at least one of the contract
5. Qban is currently creating it's GSA Schedule
6. Qban is preparing for the Navy contract by buying a company to provide
service
7. Qban maybe diluting to acquire some capital. (That's ok)
With so much positives I'd be a fool not to invest. I'd be surprised if this is not in the pennies within 3 months.
Only time will tell
I am a small business owner and I can testify that it's not easy running a small business successfully let alone growing into a large business. It takes time, mistakes will be made along the way but there will also be wins and achievements in the long run.
Accumulate and wait. I'm already up over 25% on my investment. Where else do you get these types of returns in a few months.
The party is only getting started.
The time to get in is not after all the information is made clear.
The process continues and I am one who truly believe the company is legitimate. I continue to buy and accumulate for the long term.
If it is a scam like you say then these individuals face serious legal problems.
If it is not a scam as you say there are millions to be made in the short term. I hope to accumulate at least 10% of the company even if they dilute to the max.
Based on all the research that I have done. This baby is legitimate and is a diamond in the rough.
If they didn't buy it why did they move into the new company building?
They just bought a company that has 5 employees.
Your math is a bit off.
There are two 50 billion dollar contract that was awarded to Microtech.
The GSA contract and the Navy contract.
Qban will benefit from both as they are one of the few companies who are mentored by Microtech.
BIG BIG DAYS AHEAD!
Looking for at least 5 cents in the near term.
Department of the Navy Awards MicroTech $50B Contract
Tysons Corner, VA – December 4, 2018 -- MicroTech is proud to announce its selection as a Prime Contractor to the Department of the Navy, Naval Sea Systems Command (NAVSEASYSCOM) for their Next Generation SeaPort (SeaPort-NxG) Multiple Award Contract (MAC). SeaPort-NxG is a potential 10-year, $50B and is the Navy's electronic platform for acquiring support services in 23 separate areas that include Engineering Support Services, Software Engineering, Research and Development, Program Management Support Services, Financial Analysis and Budget Support, Information System (IS) Development, Information Assurance (IA), and Information Technology (IT) Support.
Qban is going to benefit in a big way from all these 50 Billion dollars contracts. That's one of the reasons qban is going parabolic. Next week will be sweet.
RFP (Request for Proposal) team member is what the news release says. Not contractor team agreement. There is a difference
Purchasing the new company is in preparation for servicing the GSA contract to Microtech of which Qban was a teaming partner. They are creating a work force and the easiest way to get one is to start by buying an existing technology company and building it into what they would like it to become.
Everything else that they do is minor compare to the billions that were awarded by the Federal Government to Microtech.
When that news finally comes out people who did not invest significantly will regret not having a good position.
The price should move significantly in the next few months.
Anyone else that would like to sell please do so tomorrow.
Here are the goals of Dr. Carlos Sequera Yepez in relation to the article I posted.
"Specify the realization of an Economic Forum on Equatorial Guinea in Caracas, which will be coordinated between the Embassy and FEDECAMARAS;
After the acceptance by the full members of the constitution of the Binational Chamber of Commerce Equatorial Guinea-Venezuela, proceed to its formalization and legalization;
finally, prepare the realization of a trip of Venezuelan businessmen to Equatorial Guinea ".
To get an idea of what he's up to do a google search on his full name. This hombre is the one to watch in relationship to Naked Papers.
In Jan 2018 Qban elected Dr. Carlos Sequera Yepez to the business advisory board of the company. This was the same news release that announced the acquisition of Naked Papers.
This guy is a power broker in South America. I currently don't know exactly what is going on behind closed doors in regards to Naked Papers but the article below would make you think that a lot maybe happening. The article was in spanish. I had to translate it but I believe it's great reading.
Caracas / May 10, 2017 / EGEVzla Press.- As a fundamental part of the 2017 Action Plan conceived by the Embassy of Equatorial Guinea in Venezuela aimed at boosting bilateral cooperation with Venezuela and other concurrent countries, through economic-commercial exchanges , in the context of the Axis of Economic Diplomacy, the Hon. Mr. Carmelo Micha Nguema Misí, Ambassador of the Republic of Equatorial Guinea in the Bolivarian Republic of Venezuela, accompanied by the Counselor of the Embassy, ??the Hon. Mr. Pancracio Bee Ebang Efiri, attended a meeting held in the building of the Federation of Chambers and Associations of Commerce and Production of Venezuela (FEDECAMARAS), on Wednesday, May 10, 2017, about 10: 00h of his morning (15:00 in the afternoon, local time in Malabo).
The presence of the Ecuadorian-Guinean diplomat responded to the invitation made by the Institution through Dr. Carlos Sequera Yépez, President of the Commission of the Binational Chambers, who was accompanied at the meeting by the gentlemen: Aquiles Martini, Treasurer of the FEDECAMARAS and José Miguel Juncal, in charge of the Diplomatic Integral Services, with the objective of establishing the Guinean-Venezuelan Chamber of Commerce Binational as a catalyst and coordinator of the Venezuelan business community interested in investing in Equatorial Guinea.
It is to know that FEDECAMARAS represents 96% of the GDP of the entire private sector of the country, and in it the 14 economic-productive sectors that make up the business sector of this Latin American country are repressed. Which makes it a respectable institution for its history, trajectory and achievements, and whose structural model can be a beneficial contribution.
The meeting was also attended by representatives of the different binational trading chambers that have strategic economic alliances with Venezuela, such as the binational chambers of Venezuela with: United States, Italy, Dominican Republic, South Korea, Bulgaria, Turkey, Peru, Indonesia , Argentina, Bolivia, Brazil, Chile, Israel, Qatar, Colombia, Spain, Portugal, China, Russia, France, Germany and Africa.
After the introductory presentation, as usual for the occasion in the institution, by Dr. Sequera, Ambassador Michá Nguema Misí began his presentation underlining the links between Equatorial Guinea and Latin America that were forged the trade in La Trata, and now based on the identity of Hispanicness; to then make a presentation of some geographical, historical data on religion, language, population, as well as the way to reach the African country from the Latin American region and from any part of the planet.
After the presentation of these indicators, Ambassador Michá Nguema Misí focused the rest of the intervention on making known the convenience of investing in Equatorial Guinea considering both the potential of the country, the facilities offered by the Government as well as the advantages comparisons according to the current investment code, factors that allow Equatorial Guinea as an offer to be attractive, given that it is also a safe door to access other regional, subregional and international markets.
One of the main points made known to the attendees was the socio-economic development program Equatorial Guinea Horizon 2020 adopted at the Second National Economic Conference, in 2007, which has favored the realization of certain infrastructures such as: roads, ports, airports, improvements in electricity, capable of guaranteeing the implementation of the Industrialization Plan 2020 (PEGI), oriented to the Diversified and Sustainable Economy Agenda, this being the current phase to be implemented, and where the Venezuelan business sector can collaborate with Equatorial Guinea, taking into account its advantage in terms of human resources, knowledge and experience it has.
"The mission of the Embassy is to make visible in this region the potential of the country, so the admission for the constitution of the binational chamber of the two countries would mean a first great achievement in favor of mutual benefit. Which in turn advises the adoption of the government to undertake significant reforms that facilitate the current aspirations of the Government of Equatorial Guinea ".
The Ambassador highlighted the need for unity between the regions of Africa and South America, including the Caribbean: "we have the responsibility to rebuild the Africa-Latin America interconnection axis through real trade exchanges in the context of South-South cooperation." South and the ASA ".
He finished his speech by praising all the participants, after having resolved the various participants.
To conclude, the President of the Commission of the Venezuelan Bilateral Chambers expressed the fruitfulness and usefulness of the meeting, especially for the information that has been given to them from Equatorial Guinea, until then not known, while emphasizing that, of this first conversation, three key points emerge that must be developed in the face of Equatorial Guinea:
Copper it is.