St. Augustine Completes $1.2 Million Private Placement for Development

St. Augustine Gold and Copper Limited has successfully closed a private placement, raising $1,204,500 through the sale of 16.5 million units. Each unit consists of one common share and two warrants, which grant the holder the right to purchase an additional common share at $0.11 for a period of five years, contingent upon meeting certain development milestones. The announcement was made on December 11, 2025, with the placement being a significant step in the company’s efforts to advance its projects.

The private placement received approval from non-interested shareholders during a special meeting held on September 12, 2025. The sole subscriber for this placement is an entity controlled by Nicolaos Paraskevas, who serves as both a director and officer of the company. This arrangement categorizes the transaction as a related party transaction under Multilateral Instrument 61-101.

Details of the Private Placement

Due to the transaction’s value being below 25% of the company’s market capitalization, St. Augustine utilized exemptions from the valuation requirements stipulated in the policy. This strategic move allows the company to proceed with critical funding for its ongoing projects without facing extensive regulatory hurdles.

St. Augustine is focused on the development of the King-king Copper-Gold Project, recognized as one of the largest undeveloped copper-gold deposits globally. The project is prioritized by the Philippine government as a top three mining initiative, reflecting its potential economic impact and significance in the region.

Forward-Looking Statements and Risks

The announcement includes forward-looking statements as defined by Canadian securities legislation. These statements involve risks and uncertainties that could lead actual results to differ from expectations. St. Augustine emphasizes that while the assumptions behind these projections are considered reasonable, they may not hold true as circumstances evolve.

“You should not place undue importance on forward-looking information and should not rely on this information as of any other date,” the company stated.

Risks associated with the company include market shifts, regulatory changes, and broader economic conditions. Detailed information regarding these risks is available in the company’s Annual Information Form filed on March 31, 2025, accessible through the SEDAR+ website.

For further inquiries, Nicolaos Paraskevas can be reached at +632 77288491 or via email at [email protected].