Welcome to our dedicated page for Scorpio Gold news (Ticker: SRCRF), a resource for investors and traders seeking the latest updates and insights on Scorpio Gold stock.
Scorpio Gold Corporation (TSXV: SGN) is a mining company based in Vancouver, British Columbia. The company holds a 100% interest in two past-producing mines, the Manhattan Mine and the Mineral Ridge Mine, both located in Nevada, USA. Scorpio Gold focuses on exploration and development activities, with a core focus on the Manhattan District properties. The company recently engaged Daniel & Kunz and Associates to lead its 2024 exploration program, aiming to extend known mineralization and work towards a NI 43-101 compliant resource report. With a strong management team and valuable assets, Scorpio Gold is poised for growth and value creation in the mining sector.
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Scorpio Gold Corporation increases non-brokered private placement size by $1,000,000 to $6,000,000, with two tranches closed for $1,437,745. Each unit priced at $0.15 includes a common share and a warrant exercisable at $0.20 for two years. Private Placement subject to TSX Venture Exchange approval.
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Scorpio Gold Corporation increases private placement size by $1,000,000, extends acquisition date, and announces debt restructure. The company issued 9,584,966 units for $1,437,745 and plans to issue up to 33,333,333 units for $5,000,000. The acquisition of Altus Gold Corp. extended to February 14, 2024. The company also intends to restructure its outstanding loans and settle a portion through the issuance of common shares.
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Scorpio Gold Corporation has successfully closed the second tranche of its non-brokered private placement, issuing 6,384,966 units at a price of $0.15 per unit for gross proceeds of $957,745. The company has also paid cash finder's fees of $7,920 and granted non-transferable compensation warrants to arm's length finders. The proceeds will be used for general working capital purposes, and the completion of the private placement is expected by the end of January 2024. The securities issued will be subject to a four-month hold period ending on May 23, 2024. The private placement is subject to the final approval of the TSX Venture Exchange.
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Scorpio Gold Corporation has entered into an amalgamation agreement with Altus Gold Corp. to acquire all the issued and outstanding shares of Altus Gold by way of a three-cornered amalgamation. The agreement supersedes the previous letter of intent and contemplates a restructured board and management team, subject to completion of the transaction. The closing of the transaction is subject to several conditions precedent, including a non-brokered private placement and shareholder approval. Altus Gold has also provided a secured loan to Scorpio Gold in connection with the transaction.
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Scorpio Gold Corporation (SGN) announces the consolidation of outstanding common shares, effective November 24, 2023. Shareholders will receive a new CUSIP and ISIN. Further details are available in the press release dated November 8, 2023.
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Scorpio Gold Corporation (TSXV: SGN) announces a Private Placement to raise up to $200,000 through the issuance of 10,000,000 units at $0.02 per unit. Each unit includes one common share and one common share purchase warrant, with proceeds intended for general working capital purposes. The completion is subject to TSX Venture Exchange approval.
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Scorpio Gold Corporation (TSXV: SGN) announces an amended letter of intent with Altus Gold Corp. to restructure a proposed acquisition, along with plans for private placements and a consolidation of common shares.
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Scorpio Gold Corporation provides an update on its proposed acquisition of Altus Gold Corp., which would consolidate the entire 12-mile ridge and result in a total land package of 10,652 ha of mineral rights. The Transaction is subject to approval from the TSX Venture Exchange.
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Scorpio Gold Corporation has entered into a binding letter of intent to acquire all of the issued and outstanding shares of Altus Gold Corp. The acquisition would consolidate the entire 12-mile ridge, resulting in a total land package of 10,652 ha of mineral rights. The terms of the acquisition include issuing 16,900,000 post-consolidated Scorpio Gold common shares to the shareholders of Altus Gold.
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Scorpio Gold Corporation (TSX-V: SGN) has settled its final interest payment on US$7,015,000 convertible debentures by issuing 5,194,976 common shares at $0.085 each, approved by the TSX Venture Exchange. The debentures, maturing on April 26, 2022, have been settled with a total issuance of 87,687,500 common shares at US$0.08 per share. The total interest payment settled amounts to $441,573 (US$349,789).
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FAQ
What is the current stock price of Scorpio Gold (SRCRF)?
The current stock price of Scorpio Gold (SRCRF) is $0.05846 as of February 28, 2025.
What is the market cap of Scorpio Gold (SRCRF)?
The market cap of Scorpio Gold (SRCRF) is approximately 9.6M.
Where is Scorpio Gold Corporation based?
Scorpio Gold Corporation is based in Vancouver, British Columbia.
What are the core assets of Scorpio Gold Corporation?
Scorpio Gold Corporation holds a 100% interest in the Manhattan Mine and the Mineral Ridge Mine, both located in Nevada, USA.
Who is leading Scorpio Gold Corporation's 2024 exploration program?
Daniel & Kunz and Associates are leading Scorpio Gold Corporation's 2024 exploration program.
What is the goal of Scorpio Gold Corporation's Phase 1 drilling campaign?
The Phase 1 drilling campaign aims to extend known mineralization at the Manhattan District and provide data for a preliminary metallurgical testing program.
What is the focus of Scorpio Gold Corporation's exploration activities?
Scorpio Gold Corporation focuses on exploration and development activities, with a core focus on the Manhattan District properties.
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