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ZeU Close $7.8 million in Financing of Convertible Debentures & Announce a Joint-Venture with Kamari $SX $SX.ca $SXOOF

Posted by AGORACOM-JC at 11:48 AM on Wednesday, November 13th, 2019
  • Announced the closing by its subsidiary, ZeU Crypto Networks Inc., of a non-brokered private placement offering of 12% capitalized interests unsecured convertible debentures for an aggregate principal amount of CAD $7,824,000
  • Subscribed in consideration of digital assets, consisting 24,000,000 Kamari, each a “KAM“, at a deemed value of CAD $0.326 each.

Valletta, Malta – November 13, 2019 – St-Georges Eco-Mining Corp. (CNSX:SX.CN) (OTC:SXOOF) (FSE:85G1) is pleased to announce the closing by its subsidiary, ZeU Crypto Networks Inc., of a non-brokered private placement offering of 12% capitalized interests unsecured convertible debentures for an aggregate principal amount of CAD $7,824,000 subscribed in consideration of digital assets, consisting 24,000,000 Kamari, each a “KAM“, at a deemed value of CAD $0.326 each.

ZeU has also executed a joint venture agreement with Kamari Limited (“Kamari“) of Malta for the joint development and deployment of lotteries and gaming offerings in Africa (the “JV Co.“). Under the terms of the JV, both parties agreed to invest up to Euro 50,000, ZeU agreed, among other things, to grant JV Co. a non-exclusive licence to its technologies in exchange for a 30% interest in JV Co., and Kamari agreed to provide JV Co. with support in accessing online lottery markets exchange for a 70% interest in JV Co. For more information on Kamari visit www.kamari.io

The Debenture issued pursuant to the Offering will have a maturity date of May 12, 2022 (the “Maturity Date“), and be convertible into common shares of ZeU (each a “ZeU Share“) at a price (the “Conversion Price“) equal to the greater of: (i) $1.50, and (ii) if the date of any conversion occurs after ZeU completed a transaction (a “Liquidity Event“) pursuant to which it will become a “reporting issuer” under applicable Canadian securities laws and the ZeU Shares would be listed and posted for trading on a recognized exchange, the 10-day volume-weighted average trading price of the ZeU Shares, immediately prior to the applicable conversion date.

Upon the occurrence of a Liquidity Event, ZeU will be entitled to require the holders of the Convertible Debentures to convert up to 50% of the principal amount outstanding, together with any accrued and unpaid interest owing thereon, into ZeU Shares at the Conversion Price.

ZeU will be entitled to redeem the Debentures at any time, including on the Maturity Date, in cash, in digital assets for the pro rata nominal amount of digital assets subscribed or in ZeU shares at the Conversion Price.

The KAM forming the Consideration are subject to the following voluntary transfer restrictions: (i) in any one-month period, transfer, directly or indirectly, is limited to 1/30th of the total number of KAM forming the Consideration; and (ii) in any given day, any sale on an exchange is limited to 5% of the total volume of KAM traded, without the prior written consent of Kamari.

The securities issued in connection with the Offering are subject to the applicable statutory hold period ending March 12, 2020. Closing of the Offering is subject to receipt of applicable regulatory approvals, including the approval of the CSE.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas”

FRANK DUMAS

DIRECTOR & COO, ST-GEORGES ECO-MINING

PRESIDENT & CEO, ZEU CRYPTO NETWORKS.

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.

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#ZeU Files Provisional Patent for Cross-Chain Atomic Swaps & Contract-less DApps Interoperability $SX $SX.ca $SXOOF

Posted by AGORACOM-JC at 2:40 PM on Thursday, August 8th, 2019
  • ZeU Crypto Networks Inc., has filed this week with the US Patent Office a provisional patent application for its Cross-Chain Atomic Swaps & Contract-less Distributed Ledger Applications Interoperability, the augmented engine and structure of ZeU’s Internet of Blockchain.
  • The engine is agnostic to any and all blockchain protocols currently on the market or expected in the future.

Montreal, August 8, 2019 – St-Georges Eco-Mining Corp. (CNSX:SX.CN) (OTC:SXOOF) (FSE:85G1) is pleased to inform the public that its subsidiary, ZeU Crypto Networks Inc., has filed this week with the US Patent Office a provisional patent application for its Cross-Chain Atomic Swaps & Contract-less Distributed Ledger Applications Interoperability, the augmented engine and structure of ZeU’s Internet of Blockchain. The engine is agnostic to any and all blockchain protocols currently on the market or expected in the future.

The Provisional Patent: “A method and system to complete cross-chain transactions”

This patent describes a blockchain-based transaction middleware, which enables global transactions to be performed on two or more blockchains. On the one hand, all transactions are intermediately processed, and the results are stored in the cooperator chain. On the other hand, the decentralized transaction middleware ensures that all operations within the relevant transactions are atomic. [Atomic in this context means that all operations in a transaction, either completed or not completed, cannot end in the middle of a link.]

Moreover, the system can perform a blockchain transaction with a traditional off-chain transaction, such as a database operation or message queue transaction. With this method, the blockchain has the transaction characteristics of the traditional information system plus the attributes of strong consistency and resistance to attacks. This patent also innovatively proposes to set up three trigger conditions for a smart contract, so that the smart contract can not only record the current operation but also can ensure the consistency of cooperation amongst contracts running on different chains. It can make sure all contracts achieve the same final status: all succeed or all fail.

Virtualization of inter-protocol distributed logic will further push the boundaries, as this will enable lightning-fast inter-ledger settlement while ensuring scalability and the ability not to add latency to the underlying networks. Acting as an off-chain middleware, it creates communication channels between 2 or more participating ledgers. The system is made in a way where each participating smart contract or ledger-based application must achieve the same results, which ensure it remains trustless.

Furthermore, the 0-chain engine being essentially a secured asymmetric encryption communication infrastructure between ledgers, will replace the need for ledger-based oracles and will enable DApps (decentralized applications) to be linked together in an unprecedented way removing the need for smart contract logic in most cases. If not, it will enable interoperability between smart contracts and n-amount of blockchain protocols.


Click Image To View Full Size

Case Studies

Case Study 1:

Karen’s DApp is fetching important verification data from an Ethereum-based smart contract. She is using complex connectors to be able to reward her user in BSV (Bitcoin Satoshi Vision) and BTC (Bitcoin) when they accomplish specific, verified tasks. Furthermore, she needs complex logic to base her reward on the average BTC last block number and BSV volume.

Bob’s DApp is already tracking BSV volume with his in-house code logic, and Chris’ DApp is monitoring BTC ledger using a block explorer.

Without the need for unsecured push notifications, Karen, Bob, and Chris can now install a three-way communication channel between their DApps, which will send messages and trigger the three corresponding ledger events automatically. It can be demonstrated that none of them can tamper with the data as the communication (transaction) would fail.

Case Study 2:

Alice wants to sell her Libra for Bitcoin. Alice’s friend Bob has Bitcoin but wants Ether. Bob’s friend Chris has Ether but wants Libra. Chris and Alice don’t know each other.

They contact ZeU to create the smart contracts and all parties deposit equivalent amounts of cryptocurrency. ZeU creates the one-time smart contracts which preclude the tokens from being used.

The parties agree to the transaction, the smart contracts are executed, and the tokens are released.

OR

The parties do not agree to the transaction, the smart contracts fail, and the tokens are returned to their original owners.


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Consequences of this Technology on other ZeU Initiatives

There is a crypto exchange killer inside ZeU’s MulaMail Marketplace (from wallet to distributed exchange). Every MulaMail account becomes its own digital assets distributed exchange.

Third Party extension project code named “Hillary”

Hillary’s plugin, available from MulaMail digital wallet, will create an easy one-click/one-swipe user experience to swap any digital asset for any digital asset. Thus making MulaMail a distributed exchange without the lengthy friction of a traditional exchange.

Furthermore, the exchange will create more digital asset liquidity as it will enable trade between n-participants. Ex: Karen exchanges 0.5 BTC for 20 ETH (Ether). The 20 ETH belongs to Chris, who is trading his ETH for LTC (Litecoin). The LTC will come from Dave who wants BTC. This happens as a seamless experience.

This way, all existing trade orders could be exponential as they can now participate in multilateral trading, which may effectively cripple traditional exchanges.

Frank Dumas, CEO of ZeU Crypto Networks, commented “(…) this is by far the most significant development achieved by the ZeU team. We are proud of having delivered this milestone, which we initially expected to develop over several years. With this, the potential impact for blockchain developers is paramount, not the protocol they endorse. (…) It gives freedom back to developers. They no longer have to be attached to a particular protocol in the development of their distributed ledger applications. I think that it is even more disruptive for the trading of data or digital assets as it eliminates a number of intermediaries. We realize this may make us some enemies. (…)

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas”

FRANK DUMAS

DIRECTOR & COO, ST-GEORGES ECO-MINING

PRESIDENT & CEO, ZEU CRYPTO NETWORKS.

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.

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#ZeU Crypto Networks Retained to Develop Global #Blockchain Infrastructure and Data Mining Components of KinectHub Initiative $SX $SX.ca $SXOOF

Posted by AGORACOM-JC at 12:44 PM on Friday, March 29th, 2019
  • Announced that its subsidiary, ZeU Crypto Networks Inc., has been retained to develop the global blockchain infrastructure and data mining components of the KinectHub initiative of Kinect Corporation
  • KinectHub is a large multi-million-dollar infrastructure project using state-of-the-art technology

Montreal, March 29, 2019 / St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to announce that its subsidiary, ZeU Crypto Networks Inc., has been retained to develop the global blockchain infrastructure and data mining components of the KinectHub initiative of Kinect Corporation.

KinectHub is a large multi-million-dollar infrastructure project using state-of-the-art technology such as blockchain, distributed storage, anonymity solution and privacy insurances to bring healthcare to third world countries.

The scope of work will be starting with a full use case analysis for 30 days. At the end of this period, a Statement Of Work (SOW) will be delivered and used as a development road-map. This will be followed by the implementation of modular components. The infrastructure will be composed of data layers, including EHR (Electronic Health Records), distributed storage, data privacy solutions. This will need to include solutions to respect legislation of concerned countries.

There will also be Distributed Ledger Technology component including permission based & public blockchain, tokenization and digital wallet solutions. It will also be composed of a data mining layer including, data mining algorithms, powerful search tools, analytics solution to ensure the qualification and structuring of high-quality actionable data. This will eventually be followed by an abstraction sandbox on which Machine Learning & Deep Learning can be ran by either internal or external parties. Finally, there will be a component of point-of-access layer from which end-users will be able to access their health records. As we go, we will use agile development methods to offer flexibility to the changing needs of the industry and/or clients.

This project development is expected to span over at least a year and will be followed by maintenance, Machine learning (ML) & Deep Learning (DL) solutions to maximize the monetization of high-quality structured health data. KinectHub expects to be delivered in countries such as Tanzania, Ethiopia, Sudan, DRC, Cameroon and India. This will cover more than half a billion human beings and will bring benefit of an unprecedented level to these countries. This multi-year multi-million-dollar mandate is expected to start production within 45 days.

Dr. Fenglian (Frances) Xu, a ZeU director and consultant to the company on matters of blockchain application to the health industry, stated “(…) Conquering disease with engagement and data is such a powerful framework for healthcare transformation and innovation. It allows patient engagement on demand to create trust between them and healthcare service providers thus improving the currently barely available healthcare. Patient Electronic Health Record (EHR) data can ensure a more accurate diagnosis and treatment. A collective of large amounts of EHR will allow the discovery of certain types of disease patterns for both treatment and prevention. It is the first time that I see a project that connects both engagement and data capture. I believe that KinectHub is definitely in the right direction and will bring a positive solution to third world countries (…)”.

Jean-Philippe Beaudet, Director & CTO of ZeU commented: “(…) KinectHub is bringing an innovative solution to an endemic problem of healthcare access in third world countries. I believe that pairing data monetization with a humanitarian goal is not only a brilliant idea but a necessity for billions of people around the globe. The technological choices made will ensure that this can be done in an ethical and private way. It is rare that we can see a data driven project with a billion-dollar potential aimed at simply helping real people with something as crucial as health (…)”.

Corporate Update

ZeU Management has been working with its auditors to answer the last list of requests and finalize the financial statements and review of intellectual property required to proceed with its proposed listing on the Canadian Securities Exchange. Management expects that all final documents and listing memorandum should be delivered to the CSE on or before April 15. Furthermore, the company confirms that it has retained the services of Computershare Canada as its Transfer Agent, McMillan LLP as its legal advisors and Dale Matheson Carr-Hilton LaBonte LLP as its auditors. The latter will be subject to confirmation at the first shareholders annual meeting (AGM) expected to be held in early June in Montreal following the listing of the corporation on the Exchange.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas”

FRANK DUMAS

DIRECTOR & COO, ST-GEORGES ECO-MINING

PRESIDENT & CEO, ZEU CRYPTO NETWORKS

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.

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#ZeU Nomination of Additional Board Member $SX $SX.ca $SXOOF

Posted by AGORACOM-JC at 2:54 PM on Tuesday, March 19th, 2019
  • Announced that its subsidiary, ZeU Crypto Networks Inc., has engaged the services of Doctor Fenglian Xu to serve on its board of directors and to advise the Company in the deployment of its blockchain technology and artificial intelligence initiatives to the healthcare industry.
  • Dr. Fenglian (Frances) Xu is a highly experienced thought leader and innovator with over 20 years of IT experience across various industries, including academic research in medical image processing, financial services, mobile networks and the health industry.

Montreal, QC / March 19, 2019 – St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to announce that its subsidiary, ZeU Crypto Networks Inc., has engaged the services of Doctor Fenglian Xu to serve on its board of directors and to advise the Company in the deployment of its blockchain technology and artificial intelligence initiatives to the healthcare industry.

Dr. Fenglian (Frances) Xu is a highly experienced thought leader and innovator with over 20 years of IT experience across various industries, including academic research in medical image processing, financial services, mobile networks and the health industry. She is currently a director of Data Health Intelligent and consulting as the Chief Scientist for the Aladdin Healthcare Technologies. Dr. Xu was instrumental in the delivery of the Hyperledger Composer Solution during her 12-year tenure at IBM. She has a portfolio of data management, business analytics and machine learning experience.

“(…) Hyperledger Composer Blockchain program has enabled me to acquire the experience to identify the needs for blockchain innovation at the core of my specialties of Artificial Intelligence and Big Data in relation with the healthcare industry. The major leap in ZeU technology advancement with respect to BigData on the Blockchain caught my attention and its acquisition of Vn3t, which was until then on my technology watchlist, intrigued me. Any serious commercially deployable Blockchain Healthcare solution will have to handle heavy load of Data and AI active algorithms on the chain while keeping access and clients’ files secured. What was years in the future is now here with ZeU Blockchain Protocol (…)” commented Dr. Xu.

“(…) as we were looking to add depth and first-tier healthcare industry experience to our team, Frances’ (Or should we say Dr. Xu?) integration to our brain pool couldn’t have been timed better at this stage of our development. Our push to deploy artificial intelligence routines on our protocol and our dapps is now within reach with a shorter timeline. We wish to welcome Frances to our team and we are thrilled to put her experience and wealth of contacts to good use immediately (…)”

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas”

FRANK DUMAS

DIRECTOR & COO, ST-GEORGES ECO-MINING

PRESIDENT & CEO, ZEU CRYPTO NETWORKS.

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.

Copyright (c) 2019 TheNewswire – All rights reserved.

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#ZeU Acquisition of #Vn3t Assets & Nomination of a Chief Technology Officer $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 5:00 PM on Monday, February 4th, 2019
  • ZeU Crypto Networks Inc., has executed today an asset purchase agreement with VN3T Technologies Inc. and its subsidiaries, collectively “VN3T“, an arm’s length party,
  • Pursuant to which ZeU acquired the key IP of a VN3T’s decentralized data market place platform and secured development services.

Montreal / February 4, 2019 – St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to announce that its subsidiary, ZeU Crypto Networks Inc., has executed today an asset purchase agreement with VN3T Technologies Inc. and its subsidiaries, collectively “VN3T“, an arm’s length party, pursuant to which ZeU acquired the key IP of a VN3T’s decentralized data market place platform and secured development services.

VN3T, based in Montreal and Gibraltar, develops, manages, and markets a decentralized data marketplace which allows companies, institutions, and private individuals to buy and sell datasets within a decentralized, encrypted, anonymized, and GDPR-compliant network.

The majority of VN3T data comes from the previous untapped 97% of potentially useful information or “Dark Data.” When entities allow VN3T solutions to crawl their datasets, a matching algorithm identifies any data available that these entities may have which is required by a buyer within the network and attaches a cash value to it.

The IP and the expertise acquired will expedite the development of certain functionalities of ZeU’s blockchain marketplace platform for derivatives developed for Borealis EHF and will allow the integration of the new business segment of data trading in relation with this initiative and other opportunities. It will also generate exclusive tradeable content for Borealis.

The purchase price to be paid by the Purchaser to VN3T for the IP is $150,000, which will be satisfied by the issuance of a debenture of ZeU maturing 2 years from its issuance (the “Maturity Date“), and convertible into common shares (each a “Share“) of ZeU at a price equal to the 5-day VWAP of the Shares on the Canadian Stock Exchange, subject to a minimum of $1.85 (the “Debentures“). In addition, ZeU agreed to retain the services of the VN3T for a gross amount of $60,000 to assist with the development of certain aspects of the IP.

Under the Agreement, VN3T also granted ZeU an exclusive option (the “Option“) to acquire, on or before May 31, 2019, the additional assets for a purchase price of $25,000, which would be satisfied by the issuance to VN3T of a $25,000 Debenture under the same terms and conditions.

Nomination of a Chief Technology Officer

In parallel with this acquisition, ZeU is pleased to welcome Mr. Jean-Philippe Beaudet as a board member of ZeU Crypto Networks Inc. Mr. Beaudet will also take on the position of Chief Technology Officer and, alongside our Chief Architect and our CEO, will help identify blockchain development and deployment opportunities that can be quickly monetized.

Experienced Gaming developer, Jean-Philippe Beaudet launched his career at UbiSoft. He worked and researched natural language processing for Luminary, a private American research lab. Mr. Beaudet cultivated an interest in machine learning and decentralized technology which led him to co-found S3R3NITY Technologies, a technology incubator from which he launched numerous start-ups. Mr. Beaudet was an early enthusiast of blockchain technology and contributed to major projects such as a Bitcoin brokerage platform and a marketing data analytics tool for financial institutions. Seeing the opportunity to marry blockchain technology with artificial intelligence to meet the needs for a decentralized data market he founded VN3T. Jean-Philippe is an advisor on multiple blockchain initiatives and a regular conference speaker. He is also the CEO and CTO of VSekur.

“(…) Jean-Philippe is a natural fit for Chief Technology Officer of ZeU due to his breadth of experience in software management, operations management, human resources management, as well as design and implementation of technological pipelines. He is the perfect addition to many ongoing projects that we are currently working on and will allow us to solidify and accelerate many initiative that are in our pipeline (…) commented ZeU’s President & CEO, Frank Dumas.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas”

FRANK DUMAS, DIRECTOR & COO, ST-GEORGES ECO-MINING; PRESIDENT & CEO, ZEU CRYPTO NETWORKS.

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.

Copyright (c) 2019 TheNewswire – All rights reserved.

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St-Georges Eco-Mining $SX $SX.ca $SXOOF Announces Termination of #ZeU’s Asset Purchase Agreement with Tiande and Updates Spin-Out Listing $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 8:45 AM on Monday, August 13th, 2018

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  • Subsidiary ZeU Crypto Networks Inc. has received a termination notice for the asset purchase agreement dated February 23, 2018, as amended May 17, 2018, among ZeU, Qingdao Tiande Technologies Limited, an affiliate of Beijing Tiande Technologies Limited’s
  • Termination notice received by ZeU was accompanied by a request to negotiate a new agreement.
  • A negotiation team composed of Vilhjalmur T. Vilhjalmsson and Mark Billings was appointed to review new proposals.

Montreal, Quebec / August 13, 2018 – St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) announces that its subsidiary ZeU Crypto Networks Inc. (“ZeU”) has received a termination notice for the asset purchase agreement dated February 23, 2018, as amended May 17, 2018, among ZeU, Qingdao Tiande Technologies Limited, an affiliate of Beijing Tiande Technologies Limited’s (collectively “Tiande”), with the intervention of Guiyang Tiande Technologies Limited, pursuant to which ZeU agreed to purchase the rights (the “Rights”) to substantially all the intellectual property of Tiande, as more particularly described in St-Georges February 26 and May 22, 2018 press releases.

The termination notice received by ZeU was accompanied by a request to negotiate a new agreement. A negotiation team composed of Vilhjalmur T. Vilhjalmsson and Mark Billings was appointed to review new proposals. Unfortunately, despite significant concessions offered by ZeU to negotiate and finalize a new agreement, the demands made by Tiande were simply not possible to accommodate in terms of both commercial viability and securities regulations. The overriding and irreconcilable factor was the unprecedented demand by Tiande that St-Georges somehow bears alone the financial burden of the downturn in blockchain and cryptocurrency valuations over the past six months. These revised and unreasonable financial demands by Tiande rendered the transaction commercially impossible for ZeU and very unlikely to have received the acceptance of regulatory authorities during the listing process.

To this end, ZeU has commenced the process of consulting with its legal advisors to seek full reimbursement and compensation of its expenses, as well as, to review potential actions on behalf of its shareholders.

CURRENT STATUS OF ZEU

The current status of ZeU is as follows. First, it still holds an exclusive license to use Qingdao Tiande Technologies Limited and Beijing Tiande Technologies Limited’s (collectively “Tiande”) proprietary technologies, patents and know-how to develop and commercialize novel mineral commodity production chain control, tracking and trading exchanges. Second, as a result of work product over this past 6 months, ZeU has a number of meaningful commercial opportunities available to pursue, including MOU’s that have already been signed with clients that are still willing to negotiate definitive agreements. As such, ZeU intends to pursue its listing process on the CSE.

MANAGEMENT CHANGES TO FOCUS OPERATIONS

As a result of the continuing development of ZeU, the following changes will be implemented effective immediately, Mark Billings will assume the position of Executive Chairman of St-Georges and Vilhjalmur T. Vilhjalmsson will assume the position of Interim President & CEO to fully focus their efforts on following up on the legal status of the transaction termination, the mineral exploration and processing technology development within St-Georges. Frank Dumas will focus his time on St-Georges’ subsidiaries, ZeU Crypto Networks Inc. and Borealis EHF in the capacity of President to accelerate the numerous current opportunities and developments.

ZeU management understands that shareholders will have many questions over the coming days and will provide full accessibility via its CEO Verified Discussion Forum on AGORACOM at https://agoracom.com/ir/St-GeorgesEco-MiningTechnologies/forums/discussion where shareholders can post questions and/or read answers in a fully transparent manner. Shareholders are asked to post their questions and management will address them when the answers become available.

ON BEHALF OF THE BOARD OF DIRECTORS

“Mark Billings”

MARK BILLINGS, EXECUTIVE CHAIRMAN

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.

The release contains forwarding looking information and statements as defined by law including, without limitation, Canadian securities laws and the “safe harbor” provisions of the US Private Securities Litigation Reform Act of 1995 (“forward-looking statements”), respecting St-Georges’ plans to spin-out its subsidiary ZeU. which is intended to be listed on the Canadian Securities Exchange. Forward-looking statements involve risks, uncertainties and other factors that may cause actual results to materially differ from those expressed or implied by the forward-looking statements including that the spin-out may not be completed as planned or at all due to failure to obtain shareholder or regulatory approval ,the inability to complete the Acquisition, raise sufficient capital to adequately fund ZeU or a decision of the board of St-Georges not to proceed, which decision can be made at any time prior to closing. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and a number of assumptions that may prove to be incorrect, including, without limitation, assumptions about general business and economic conditions, the timing and receipt of required approval and continued availability of capital and financing. Readers are cautioned not to place undue reliance on the forward-looking statements contained herein. The foregoing list is not exhaustive and St-Georges undertakes no obligation to update any of the foregoing except as required by law.

Copyright (c) 2018 TheNewswire – All rights reserved.

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St-Georges Eco-Mining $SX $SX.ca $SXOOF Spin-Out #ZeU Applies for Conditional Listing Approval; Share Distribution Record Date Set $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 9:24 AM on Tuesday, July 31st, 2018

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  • Filed to obtain conditional approval from the Canadian Securities Exchange  to list ZeU Crypto Networks Corp.
    • The last required condition to complete the distribution of ZeU shares to St-Georges shareholders
  • Shareholders of record on August 7, 2018, will receive approximately 1 share of ZeU, for every 8 shares they own of St-Georges

Montreal, Quebec / July 31, 2018 – St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to announce that it has recently obtained the final order of the Superior Court of Quebec approving the Arrangement with ZeU Crypto Networks Corp. (“ZeU”), and that is has filed to obtain conditional approval from the Canadian Securities Exchange (the “Exchange”) to list ZeU Crypto Networks Corp. (“ZeU”), the last required condition to complete the distribution of ZeU shares to St-Georges shareholders.

In anticipation of the completion of the Arrangement, St-Georges inform its shareholders that the Share Distribution Record Date will be August 7, 2018. Only shareholders of record as at the Share Distribution Record Date will be entitled to receive shares of ZeU in the spin-out.

Shareholders of record on August 7, 2018, will receive approximately 1 (one) share of ZeU, for every 8 (eight) shares they own of St-Georges. Shareholders who sell their St-Georges shares prior to the Share Distribution Record Date will not be entitled to receive shares of ZeU. Shareholders of St-Georges, as at the Share Distribution Record Date, are not required to do anything to obtain their ZeU shares. ZeU shares will be distributed by St-Georges’ registrar and transfer agent, Computershare Investor Services Inc. St-Georges will issue a subsequent news release when it will have received notice from Exchange regarding the date that the ZeU common shares will commence trading.

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.

The release contains forwarding looking information and statements as defined by law including, without limitation, Canadian securities laws and the “safe harbor” provisions of the US Private Securities Litigation Reform Act of 1995 (“forward-looking statements”), respecting St-Georges’ plans to spin-out its subsidiary ZeU. which is intended to be listed on the Canadian Securities Exchange. Forward-looking statements involve risks, uncertainties and other factors that may cause actual results to materially differ from those expressed or implied by the forward-looking statements including that the spin-out may not be completed as planned or at all due to failure to obtain shareholder or regulatory approval ,the inability to complete the Acquisition, raise sufficient capital to adequately fund ZeU or a decision of the board of St-Georges not to proceed, which decision can be made at any time prior to closing. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and a number of assumptions that may prove to be incorrect, including, without limitation, assumptions about general business and economic conditions, the timing and receipt of required approval and continued availability of capital and financing. Readers are cautioned not to place undue reliance on the forward-looking statements contained herein. The foregoing list is not exhaustive and St-Georges undertakes no obligation to update any of the foregoing except as required by law.

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Posted in All Recent Posts, Bitcoin, Blockchain stocks, Canadian Blockchain Stocks, Featured, Smallcap Blockchain stocks, St Georges Eco-Mining Technologies | Comments Off on St-Georges Eco-Mining $SX $SX.ca $SXOOF Spin-Out #ZeU Applies for Conditional Listing Approval; Share Distribution Record Date Set $HIVE.ca $BLOC.ca $CODE.ca

St-Georges $SX $SX.ca $SXOOF Subsidiary #ZeU #Crypto Networks Closes First Tranche of Debenture Offering $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 11:23 AM on Thursday, July 5th, 2018

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  • ZeU Crypto Networks Inc., closed an initial tranche of its 10% unsecured convertible debentures offering for an aggregate principal amounts of $5,063,692,
    • of which $3,708,692 was subscribed in consideration of digital assets
  • Each Convertible Debenture issued pursuant to this first tranche will have a maturity date of July 5, 2020 and be convertible into common shares of ZeU at a price of $1.00

Montreal, Quebec / July 5, 2018 – St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to announce that further to its press releases of January 7 and May 22, 2018 that its subsidiary, ZeU Crypto Networks Inc., closed an initial tranche of its 10% unsecured convertible debentures offering for an aggregate principal amounts of $5,063,692, of which $3,708,692 was subscribed in consideration of digital assets.

Each Convertible Debenture issued pursuant to this first tranche will have a maturity date of July 5, 2020 and be convertible into common shares of ZeU (each a “ZeU Share”) at a price of $1.00 (the “Conversion Price”).

There shall be no interest payable on the Principal Amount if ZeU effects a transaction pursuant to which it will become a “reporting issuer” under applicable Canadian Securities Laws and the ZeU Shares or the common shares of any resulting issuer would be listed and posted for trading on an recognized exchange, which may include, without limitation, an initial public offering, a reverse take-over or a merger with existing a reporting issuer (a “Liquidity Event”) on or before January 31, 2019 (the “Liquidity Event Deadline”). If there is not a Liquidity Event on or before the Liquidity Event Deadline then interest shall be deemed to accrue from and including July 5, 2018.

Upon the occurrence of a Liquidity Event, ZeU will be entitled to require the holders of Convertible Debenture to convert up to 25% of the Principal Amount outstanding, together with any accrued and unpaid interest owing thereon, into ZeU Shares at the Conversion Price.

Related Party Transaction

Mr. Frank Dumas, an officer and director of St-Georges subscribed Convertible Debentures for an aggregate $250,000 principal amount. The participation of Mr. Dumas in the First Tranche constitutes a Related Party Transaction within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The company relied on exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 from the formal valuation and minority shareholder approval requirements of MI 61-101 for the related party transaction. The company did not file a material change report in respect of the transaction 21 days in advance of the closing of the private placement because insider participation had not been confirmed. The shorter period was necessary in order to permit the Company to close the private placement in a timeframe consistent with usual market practice for transactions of this nature.

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.

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St-Georges $SX SX.ca $SXOOF Retains Gravitas Securities Inc. as Strategic Financial Advisors #ZeU

Posted by AGORACOM-JC at 9:02 AM on Tuesday, March 20th, 2018

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  • Retained services of Gravitas Securities Inc. to act as financial advisors to St-Georges and its related entities
  • Gravitas will be tasked with assisting ZeU Crypto Networks Inc.
  • Currently in the process of acquiring all the intellectual properties of Tiande, a developer of permission-based blockchain protocol with BigData connectivity

Montreal / March 20, 2018 – St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to announce that it has retained the services of Gravitas Securities Inc. to act as financial advisors to St-Georges and its related entities.

Gravitas will be tasked with assisting ZeU Crypto Networks Inc., St-Georges wholly-owned subsidiary, which is currently in the process of acquiring all the intellectual properties of Tiande, a developer of permission-based blockchain protocol with BigData connectivity. Gravitas will provide a number of services to ZeU including providing capital markets intelligence & guidance, financial & operational analysis of the company, and recommendations on capital requirements and strategic business decisions.

“With its contingent of Sino-Canadian personnel able to review our technology and business legal documentation in mandarin and the positive approach of the firm toward disruptive blockchain technologies, Gravitas is an excellent match for us. Their involvement should help us accelerate our financing effort with other securities firms and institutional investors. We also welcome their expertise to assist us for any corporate actions that might be undertaken in the coming months by the company” commented ZeU President Frank Dumas.

About Gravitas

Gravitas Securities is a leading wealth management and capital markets firm comprised of tactical individuals known for their sophisticated sector expertise, commitment to excellence, and a global platform committed to integration and innovation. Gravitas provides a wide range of investment services for retail and corporate clients globally with offices in Toronto and Vancouver, and is represented in the United States through its FINRA representative, Gravitas Capital International, in New York.

Gravitas Securities Inc. is a member of IIROC and CIPF.

ZeU Crypto Networks welcomes Lord Razzall as a director of the corporation

ZeU is pleased to welcome Lord Edward Timothy Razzall on its board of directors. Lord Razzall is a member of the British Parliament’ House of Lords and a Commander of the British Empire (CBE). Baron Razzall has been co-chair of the Liberal Democrat Parliamentary Committee on Business, Innovation and Science. He has over 35 years’ corporate finance experience and has developed a reputation for his expertise in multinational and cross border transactions. He was until recently the Liberal Democrat spokesman on Trade and industry and he’s now the Lords spokesman for manufacturing. He is currently Co-Chair of the Liberal Democrat Parliamentary Party Committee on Business, Innovation and Skills. Lord Razzall studied at Oxford University and qualified as a solicitor in 1969. ZeU expect to leverage Tim’s experience and interest in regulations, governance, monetary policies, intellectual property and corporate finance to its advantage.

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.

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