St. Augustine Closes Private Placement
St. Augustine Gold and Copper (TSX: SAU) has successfully closed its previously announced non-brokered private placement. The company issued 341,038,196 common shares at $0.073 per share, raising total gross proceeds of $24.9 million.
The funds will be utilized for general corporate purposes, with a focus on completing a feasibility study and arranging financing for the company's King-king copper-gold project. No company insiders participated in this private placement.
St. Augustine Gold and Copper (TSX: SAU) ha concluso con successo il collocamento privato non assistito da intermediari precedentemente annunciato. La società ha emesso 341.038.196 azioni ordinarie al prezzo di 0,073 $ per azione, raccogliendo un ammontare lordo totale di 24,9 milioni di dollari.
I fondi saranno utilizzati per scopi aziendali generali, con particolare attenzione al completamento di uno studio di fattibilità e all'organizzazione del finanziamento per il progetto di rame e oro King-king della società. Nessun dirigente della società ha partecipato a questo collocamento privato.
St. Augustine Gold and Copper (TSX: SAU) ha cerrado con éxito su colocación privada no intermediada previamente anunciada. La compañía emitió 341,038,196 acciones ordinarias a $0.073 por acción, recaudando un total bruto de $24.9 millones.
Los fondos se utilizarán para fines corporativos generales, con un enfoque en completar un estudio de factibilidad y organizar el financiamiento para el proyecto de cobre y oro King-king de la empresa. Ningún directivo de la compañía participó en esta colocación privada.
St. Augustine Gold and Copper (TSX: SAU)는 이전에 발표한 비중개 사모 발행을 성공적으로 마감했습니다. 회사는 341,038,196주 보통주를 주당 0.073달러에 발행하여 총 2,490만 달러의 총 수익을 모았습니다.
자금은 일반 기업 목적에 사용되며, 회사의 King-king 구리-금 프로젝트에 대한 타당성 조사 완료 및 자금 조달 준비에 중점을 둘 예정입니다. 회사 내부자는 이번 사모 발행에 참여하지 않았습니다.
St. Augustine Gold and Copper (TSX : SAU) a clôturé avec succès son placement privé non courtier précédemment annoncé. La société a émis 341 038 196 actions ordinaires au prix de 0,073 $ par action, levant ainsi un produit brut total de 24,9 millions de dollars.
Les fonds seront utilisés à des fins générales d’entreprise, en mettant l’accent sur la réalisation d’une étude de faisabilité et l’organisation du financement pour le projet cuivre-or King-king de la société. Aucun initié de la société n’a participé à ce placement privé.
St. Augustine Gold and Copper (TSX: SAU) hat die zuvor angekündigte, nicht vermittelte Privatplatzierung erfolgreich abgeschlossen. Das Unternehmen hat 341.038.196 Stammaktien zu je 0,073 $ pro Aktie ausgegeben und damit einen Bruttoerlös von 24,9 Millionen Dollar erzielt.
Die Mittel werden für allgemeine Unternehmenszwecke verwendet, mit dem Schwerpunkt auf der Fertigstellung einer Machbarkeitsstudie und der Finanzierung des Kupfer-Gold-Projekts King-king des Unternehmens. Keine Insider des Unternehmens haben an dieser Privatplatzierung teilgenommen.
- Raised significant capital of $24.9 million through private placement
- Funds secured for feasibility study completion and project financing
- No insider participation indicates external investor interest
- Significant share dilution with 341 million new shares issued
Singapore, Singapore--(Newsfile Corp. - July 25, 2025) - St. Augustine Gold and Copper Limited (TSX: SAU) ("St. Augustine" or the "Company") is pleased to announce that its previously announced (June 9, 2025) non-brokered private placement financing of 341,038,196 common shares of the Company (the "Shares") has closed at a price of
The Company intends to use net proceeds of the Private Placement for general corporate purposes including completion of a feasibility study and organizing financing for the Company's King-king copper-gold project. No insiders participated.
About St. Augustine
St. Augustine (SAU.T) is a TSX-listed mining company focused on the development of the King-king Copper-Gold Project. The Project is one of the largest undeveloped copper-gold deposits in the world and is listed as a top three-priority mining project by the Philippine government.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This announcement includes certain "forward-looking statements" within the meaning of Canadian securities legislation. All statements, other than statements of historical fact included herein are forward looking statements. Forward-looking statements involve various risks and uncertainties and are based on certain factors and assumptions. While we consider these assumptions to be reasonable based on currently available information, they may prove to be incorrect. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking information is also subject to certain factors, including risks and uncertainties, that could cause actual results to differ materially from the Company's current expectations, including changes in market conditions, governmental or regulatory developments and general economic conditions. Other risks and uncertainties related to the Company are disclosed under the heading "Risk Factors" in the Company's Annual Information Form dated March 31, 2025 and filed with Canadian securities regulatory authorities on the SEDAR+ website at www.sedarplus.ca. Forward-looking information contained in this announcement is based on our current estimates, expectations and projections, which we believe are reasonable as of the current date. You should not place undue importance on forward-looking information and should not rely on this information as of any other date. While we may elect to, we are under no obligation and do not undertake to update this information at any particular time except as required by applicable securities law.
| For more information: | |
Lenna Mae Leopoldo | ST. AUGUSTINE CORPORATE HEADQUARTERS No.21, Greenwood Lane, E: Singapore, 286949 |
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260009
FAQ
How much did St. Augustine Gold and Copper (TSX: SAU) raise in its July 2025 private placement?
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