- Queensberry Mining and Development Corp. has acquired 82,841,658 common shares of St. Augustine Gold and Copper Limited (SAU)
- The shares were acquired through a non-brokered private placement transaction at a price of C$0.046311119 per share
- The 82,841,658 shares represent about 9.9 per cent of the issued and outstanding shares (on a non-diluted basis) of St Augustine Gold and Copper
- With this, Queensberry has increased its ownership to about 44.44 per cent of the issued and outstanding shares of St August Gold and Copper
- St. Augustine Gold and Copper Ltd engages in the acquisition, development, and exploration of mineral properties
- St. Augustine Gold and Copper Limited is down 8.333 per cent, trading at C$0.055 as at 10:15 AM ET
Queensberry Mining and Development Corp. has acquired 82,841,658 common shares of St. Augustine Gold and Copper Limited (SAU).
The shares were acquired through a non-brokered private placement transaction at a price of C$0.046311119 per share.
The private placement closed on August 4, 2022.
The 82,841,658 shares represent about 9.9 per cent of the issued and outstanding shares (on a non-diluted basis) of St Augustine Gold and Copper.
Just before the commencement of the private placement, Queensberry owned 325,836,898 shares (about 38.94 per cent of the issued and outstanding shares).
With the conclusion of this private placement, Queensberry has increased its share ownership by 5.5 per cent and now owns 408,678,556 shares, which represent about 44.44 per cent of the issued and outstanding shares of St August Gold and Copper.
In his personal capacity, Queensberry’s President and CEO, Manuel Paolo A. Villar, has ownership and control over additional 218,500 shares, which represent about 0.02 per cent of the issued and outstanding shares of the same company.
The shares were acquired at a price of $0.046311119 per share for an aggregate price of $3,836,489.88.
Queensberry holds shares in SAU for investment purposes and may, from time to time, depending on market and other conditions, increase or decrease its holdings of shares or other securities of SAU through market transactions, private agreements, treasury issuances or otherwise.
St. Augustine Gold and Copper Ltd engages in the acquisition, development, and exploration of mineral properties with a focus on the King-king Copper-Gold Project, located in Mindanao in the Philippines.
St. Augustine Gold and Copper Limited is down 8.333 per cent, trading at C$0.055 as at 10:15 AM ET.