Momentum Public Relations
Press Release: February 7 2018
– St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF)
(FSE: 85G1) announced today that its previously announced letter of intent dated January 12,
2018 relating to an asset acquisition between SX’s subsidiary, ZeU Crypto Networks Inc. and
Qingdao Tiande Blockchain Information Technology Co. Ltd. has been amended. The general
terms of the LOI, which referred to Qingdao Tiande Technologies Limited instead of Qingdao, were
previously announced by press release dated January 14, 2018.
ZeU, Qingdao and Beijing Tiande Technologies Limited. (“Beijing” and collectively with
Qingdao, “Tiande”) entered into the amendment to the LOI (the “Amendment”), which has
extended the date by which the parties will conclude the execution of a definitive agreement on
or around February 19, 2018 or such later date as may be mutually agreed upon by the
parties. The proposed acquisition is subject to a number of terms and conditions, including but
not limited to, the completion of a concurrent financing not less than $10,000,000 and up to
$30,000,000 that can be done in tranches and the receipt of all necessary regulatory, corporate
and third party approvals.
The Amendment also revised the consideration structure, such that the proposed Acquisition will
now be settled through the issuance of 75,000,000 common shares of ZeU (each a “Share”) and
75,000,000 Share purchase warrants (each a “Warrant”) on Closing and an additional
75,000,000 Shares after the filing for registration of the 20th patent derived from the intellectual
property and patent application acquired from Tiande. Each Warrant will be exercisable at a
price of CND$1.00 for a period of three (3) years following the date ZeU completes a transaction
pursuant to which its Shares will either be listed on a recognized stock exchange in North
America, or will be exchanged for common shares of a reporting issuer listed on a recognized
stock exchange in North America.
Frank Dumas, President & CEO of St-Georges and of ZeU Crypto Networks commented: “The
Acquisition required an extensive due diligence effort and has its own particular challenges. We
are happy with the current progress and we can now see the finish line ahead of us. Some
elements that are ‘sensitive’ to third party sovereign entities increased the expected workload.
The current proposal should allow Tiande to operate in China as an exclusive partner to ZeU,
giving ZeU the exclusive ownership and right to develop and commercialize the technologies
outside of China and would also call for the establishment of a “Canadian Intellectual Property
(IP) Container” and a “Chinese Intellectual Property (IP) Container” allowing for a “Chinese
Source Code” to be exclusively used in China without any possibility for North American
oversight.”
ON BEHALF OF THE BOARD OF DIRECTORS
“Frank Dumas”
FRANK DUMAS, PRESIDENT & CEO
About St-Georges
St-Georges is developing new technologies to solve the some of the most common
environmental problems in the mining industry.
The Company controls directly or indirectly, through rights of first refusal, all of the active
mineral tenures in Iceland. It also explores for nickel on the Julie Nickel Project & for industrial
minerals on Quebec’s North Shore and for lithium and rare metals in Northern Quebec and in the
Abitibi region. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the
symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange
under the symbol 85G1.
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility
for the adequacy or the accuracy of the contents of this release.
Compliance and medias contact: 514.295.9878