St. Augustine

St. Augustine Gold and Copper (SAU.T) has restructured its KingKing Copper-Gold Project ownership in the Philippines, consolidating development rights. This involved a $9.12 million convertible note issued to its partner, Nadecor, allowing conversion into shares, acquiring all Kingking Milling Corporation shares and streamlining the project. This strategic move aims to facilitate project financing and capitalize on the high-potential project, considered a top priority by the Philippine government. The company also includes cautionary forward-looking statements about potential risks.