Monday, October 07, 2013 5:29:50 PM
Montreal, Quebec, October 7, 2013 – St-Georges Platinum and Base Metals Ltd. (CNSX: SX) (OTCQX:
SXOOF) (BSE: 85G) is pleased to announce, further to its July 3rd, 2013 press release, that it has 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. The Debt Settlement is subject to final approval by the CNSX.
Robert Gardhouse
President & CEO
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM