St-Georges Platinum and Base Metals Ltd. Early Warning Report - WRCBtv.com | Chattanooga News, Weather & Sports

St-Georges Platinum and Base Metals Ltd. Early Warning Report

Posted: Updated:

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 /ACCESSWIRE / April 1, 2014 /
 On March 31, 2014, Wei-Tek Tsai of Scottsdale, Arizona, has acquired direct and indirect ownership of common shares in the aggregate principal amount of 1,567,315 of St-Georges Platinum and Base Metals Ltd. (CSE: SX) (OTCQX: SXOOF) (FSE: 85G1) through conversion of debenture issued in July 2013. The current amount of common shares owned by Mr. Tsai in relation with this recent acquisition is of 2,115,776 common shares of St-Georges Platinum or approximately 9.63% of the Issuer’s issued and outstanding common shares. (Currently 21,966,936)

Prior to such acquisition, Mr. Tsai held, directly or indirectly or had control over, 548,461 common shares of the Issuer.

Following the conversion, Mr. Tsai holds, directly or indirectly or has control over, 2,115,776 common shares in the capital of the Issuer representing approximately 9.63% of the Issuer’s issued and outstanding common shares.

The initial Debenture was acquired by Mr. Tsai as principal for investment purposes pursuant to a debt settlement of $150,000 with a creditor of the issuer in reliance respectively upon sections 2.14 and 2.5 of Regulation 45-106 respecting prospectus and registration exemptions. 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.

Wei-Tek Tsai

wtsai36@gmail.com

+1.480.452.3928

10735 E ACOMA DR

Scottsdale, Arizona, USA

 

Source: Wei-Tek Tsai

ReleaseID: 413812

  • NewsMore>>

  • Labor Day cookouts raise thousands of dollars for charities

    Labor Day cookouts raise thousands of dollars for charities

    Monday, September 1 2014 3:04 PM EDT2014-09-01 19:04:59 GMT
    Some Labor Day cookouts are raising thousands of dollars for local charities."People can drive through and not have to cook on Labor Day and not have to labor," said Jim Hines of the Signal Mountain Lions Club.There was a line of cars driving through Althaus Park on Signal Mountain Monday afternoon -- all picking up plates of barbecue."This culminates our biggest fundraiser. We really look forward to this," said Hines.Money from the barbecue plates, along with a new car raffle, help the Lions...More
    Some Labor Day cookouts are raising thousands of dollars for local charities."People can drive through and not have to cook on Labor Day and not have to labor," said Jim Hines of the Signal Mountain Lions Club.There was a line of cars driving through Althaus Park on Signal Mountain Monday afternoon -- all picking up plates of barbecue."This culminates our biggest fundraiser. We really look forward to this," said Hines.Money from the barbecue plates, along with a new car raffle, help the Lions...More
  • Rock Spring holds Labor Day car show

    Rock Spring holds Labor Day car show

    Monday, September 1 2014 2:56 PM EDT2014-09-01 18:56:06 GMT
    The Walker County Labor Day Car and Motorcycle Show filled the Civic Center parking lot in Rock Spring.Those who attended enjoyed checking out the classics while helping support a good cause.Two hundred cars were on display that rolled in to help raise money guaranteed to put a smile on a child's face Christmas morning.Vehicle registration cost $20 a car, southern favorites were also for sale.Every dollar collected and donated will be handed to the Al Millard Memorial Stocking Full of Love Fo...More
    The Walker County Labor Day Car and Motorcycle Show filled the Civic Center parking lot in Rock Spring.Those who attended enjoyed checking out the classics while helping support a good cause.Two hundred cars were on display that rolled in to help raise money guaranteed to put a smile on a child's face Christmas morning.Vehicle registration cost $20 a car, southern favorites were also for sale.Every dollar collected and donated will be handed to the Al Millard Memorial Stocking Full of Love Fo...More
  • Kraft recalls certain packages of American cheese

    Kraft recalls certain packages of American cheese

    Monday, September 1 2014 1:55 PM EDT2014-09-01 17:55:33 GMT
    Kraft is voluntarily recalling 7,691 cases of four varieties of its regular American Singles cheese product.More
    Kraft is voluntarily recalling 7,691 cases of four varieties of its regular American Singles cheese product.More
Powered by WorldNow
Can't find what you're looking for?

WRCB-TV
900 Whitehall Road
Chattanooga, TN 37405
(423) 267-5412

WRCB Jobs EEO | FCC Public Files

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WRCB. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.