Scorpio Gold Corp. announces results of its first phase of drilling at its 100% owned Goldwedge property located in Manhattan Nevada. Nine exploration holes totalling 628 meters were drilled to test an area of previously reported surface soil sampling anomalies as well as structures relating to historic mineralization within the Keystone-Jumbo claim block . Scorpio Gold's President, Chris Zerga, comments, "Our first phase [...]
Scorpio Gold Corp. announces its financial results for the nine months ended September 30, 2019. The Company is focusing its efforts on financing the proposed new processing facility at the Mineral Ridge project. This new facility will allow the Company to capture the value in the gold reserves contained in the heap leach pad and unmined portions of the mine. The Company sees potential to increase those resources by [...]
Scorpio Gold Corp. is pleased to announce the appointment of Ian Dawson and Murray Bockhold to the board of directors of the Company, subject to approval of the TSX Venture Exchange. Luc Pelchat has retired from the board of directors and the Company thanks him for his contribution to the Company during his tenure. Ian G. Dawson BA, MBA, President Dawson Group Limited. The Dawson Group is primarily involved in [...]
Scorpio Gold Corp. on October 28, 2019 paid a total of US$359,733 to settle its semi-annual interest payment to its debentureholders. As announced on April 29, 2019 the Company closed a non-brokered private placement offering of a total of US$7,175,000 secured subordinated convertible debentures. The debentures have a term of three years and bear interest at the rate of 10% per annum, payable semi-annually. The Company [...]
Scorpio Gold Corp. announces its financial results for the six months ended June 30, 2019. During the six months ended June 30, 2019, Scorpio Gold raised gross proceeds of $7.0 million from the issuance of secured subordinated convertible debentures by way of a private placement which allowed the Company to eliminate its $6 million senior secured debt with Waterton Global Resources Management in exchange for an upfront [...]
Scorpio Gold Corp. is pleased to announce the receipt and approval of its previously submitted Water Pollution Control Permit that will allow Scorpio Gold Corp. to advance its mining, processing, and exploration activities at its Mineral Ridge project located in Esmerelda County, Nevada. This major modification was approved by the Nevada Division of Environmental Protection and authorizes the following activities [...]
Scorpio Gold Corp. announces that effective July 15, 2019, Gilbert Comtois will step down from the position of CFO of the Company for personal reasons but will continue on as a part-time employee of the Scorpio Gold Corp. to help with transition on an as-needed basis. Dan O'Brien of Golden Oak Corporate Services Ltd. will be appointed CFO in replacement of Mr. Comtois. Dan O'Brien has been with Golden Oak since 2012 [...]
Scorpio Gold Corp. is pleased to announce the commencement of drilling at its 100% owned Goldwedge property located in Manhattan Nevada. The drilling program will focus on the Keystone-Jumbo claim block, for which the Company received drilling approval from the U.S. Forest Service in January 2019. The program calls for drilling of up to 29 exploration holes with the intention of building on historic drilling and [...]
Scorpio Gold Corp. announces its financial results for the first fiscal quarter ended March 31, 2019. This press release should be read in conjunction with the Company’s condensed interim consolidated financial statements for the three-months ended March 31, 2019 and Management’s Discussion & Analysis for the same period, available on the Company’s website at www.scorpiogold.com and under the [...]
Scorpio Gold Corp. announces its financial results for the fourth quarter and year ended December 31, 2018. This press release should be read in conjunction with the Company’s consolidated financial statements for the year ended December 31, 2018 and Management’s Discussion & Analysis for the same period, available on the Company’s website at www.scorpiogold.com and under the Company’s name on [...]
Scorpio Gold Corp. is pleased to announce the closing of its non-brokered private placement offering of secured subordinated convertible debentures for gross proceeds of up to US$7,000,000. The Company intends to use the net proceeds of the Private Placement for the repayment of a bridge loan in the principal amount of US$3,000,000 in connection with the completion of the buyout transaction, as announced in the [...]
Scorpio Gold Corp. is pleased to provide an update regarding the Company’s non-brokered private placement of secured convertible debentures for gross proceeds of up to US$6,000,000 , previously announced in the Company’s press release on January 28, 2019. The Exchange has granted an extension for filing final documentation in respect of the Private Placement. The Company anticipates that the Private Placement [...]
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