Shareholders of St. Augustine authorize new Stock Option Plan and a private investment with Nicolaos Paraskevas
St. Augustine Gold and Copper Limited, a TSX-listed mining company, held a Special Meeting of Shareholders on September 12, 2025, which was conducted virtually via Zoom. The meeting saw significant decisions being made, including the approval of the Private Placement of Mr. Nicolaos Paraskevas and the Amended and Restated Stock Option Plan.
The Private Placement of Mr. Nicolaos Paraskevas, a key investor in the company, was approved by an impressive 99.99% of disinterested shareholder votes cast. The placement consists of 16.5 million units, each unit comprising one common share and two warrants, supporting the company's long-term financing needs.
The Amended and Restated Stock Option Plan, which replaces the Legacy Option Plan, was also approved. The plan aligns directors, officers, employees, and consultants with shareholder interests while ensuring compliance with TSX requirements. Shareholders approved the plan by 99.12% of votes cast.
The Amended and Restated Stock Option Plan was supported by 649,221,184 votes FOR and 5,766,161 votes AGAINST. The Private Placement of Mr. Nicolaos Paraskevas received 654,947,615 votes FOR and 39,730 votes AGAINST.
Shareholders representing 654,987,345 common shares, or 41.91% of the 1,562,749,129 issued and outstanding shares, were present in person or by proxy at the meeting.
The company is currently focused on the development of the King-king Copper-Gold Project, one of the largest undeveloped copper-gold deposits in the world. The Philippine government has listed the project as a top three-priority mining project. However, the development of the King-king Copper-Gold Project may be subject to changes in market conditions, governmental or regulatory developments, and general economic conditions.
For more information about St. Augustine Gold and Copper Limited and the King-king Copper-Gold Project, contact Nicolaos Paraskevas, the investor and Public Relations contact, at +632 77288491 or [email protected]. The company's trading symbols are TSX: SAU and OTC: RTLGF.
Read also:
- Potential Consequences of Dismantling FEMA Vary Across States
- Railway line in Bavaria threatened by unstable slope - extensive construction site at risk
- Wind Farm Controversy on the Boundary of Laois and Kilkenny
- Delaware's contentious offshore wind project faces uncertainty as the Trump administration reverses course on clean energy initiatives.
