Scorpio Gold Corp. is pleased to announce that further to the Company’s press release dated January 28, 2019, the Company has completed the Waterton Buyout , as a result of which, among other things, the Company’s senior secured debt owing to an affiliate of Waterton Global Resources Management in the amount of US$6,103,562 has been extinguished, and the Company now holds a 100% interest in the Mineral Ridge [...]
Scorpio Gold Corp. reports the re-election of Peter J. Hawley, Brian Lock, Luc Pelchat and Peter Brieger and the election of Peter Tegart as directors of the Company at Scorpio Gold’s annual and special meeting of shareholders held on February 27, 2019 in Vancouver, British Columbia . At the Meeting, the Company’s shareholders also approved the renewal of the Company’s 10% rolling stock option plan, the [...]
Scorpio Gold Corp. is pleased to announce the approval of the Keystone Jumbo Exploration Project , Plan of Operations. The Company proposes to drill up to 29 exploration holes on public lands administered by the US Forest Service Humboldt-Toiyabe National Forest, Tonopah Ranger District . The exploration drilling plan was originally submitted to the Forest Service on December 14, 2016 and required several iterations prior [...]
Scorpio Gold Corp. is pleased to announce a non-brokered private placement offering of secured convertible debentures for gross proceeds of up to US$6,000,000. The Company intends to use the net proceeds from the Private Placement for the Buyout and for general working capital purposes. Each Debenture will have an issue price of US$1,000, a term of three years from the date of issuance and will bear interest at a rate of [...]
Scorpio Gold Corp. announces that the forebearance agreement on its $6 million debt originally expiring on December 19, 2018 was extended to January 31, 2019. The Company is currently evaluating various business alternatives including a potential sale transaction, business combination, refinancing its long-term debt, raising financing through an equity financing or through other types of financing. About Scorpio Gold [...]
Scorpio Gold Corp. announces its financial results for the third quarter ended September 30, 2018. This press release should be read in conjunction with the Company’s condensed interim consolidated financial statements for Q3 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 SEDAR at www.sedar.com [...]
Scorpio Gold Corp. announces that the forebearance agreement on its $6 million debt originally expiring on November 16, 2018 was extended to December 19, 2018. The Company is currently evaluating various business alternatives including a potential sale transaction, business combination, refinancing its long-term debt, raising financing through an equity financing or through other types of financing. About Scorpio Gold [...]
Scorpio Gold Corp. announces that the forebearance agreement on its $6 million debt originally expiring on October 15, 2018 was extended to November 16, 2018. The Company also announces its operating results for the third quarter of 2018 at its 70% owned Mineral Ridge project, located in Nevada. Production at Mineral Ridge in Q3 2018 totalled 1,627 ounces of gold and 655 ounces of silver compared to 4,395 ounces of gold [...]
Scorpio Gold Corp. announces its financial results for the second quarter ended June 30, 2018. This press release should be read in conjunction with the Company’s condensed interim consolidated financial statements for Q2 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 SEDAR at www.sedar.com. All [...]
Scorpio Gold Corp. announces it has entered into a forbearance agreement dated August 13, 2018 among the Company, its subsidiaries and Waterton Precious Metals Fund II Cayman, LP , which is advised by Waterton Global Resource Management, Inc., in connection with the repayment of a loan advanced from the Lender to Scorpio Gold in the principal amount of US$6,000,000 , pursuant to the terms of a senior secured credit [...]
VANCOUVER, British Columbia, July 03, 2018 -- Scorpio Gold Corp. is pleased to announce the receipt of a signed Decision Record and a Finding of No Significant Impact for the Environmental Assessment completed for its Mineral Ridge Operations in Nevada. The EA was required to comply with the National Environmental Policy Act, given that a portion of the Mineral Ridge property is located on public land administered by the [...]
VANCOUVER, British Columbia, May 29, 2018 -- Scorpio Gold Corp. announces its financial results for the first quarter ended March 31, 2018. This press release should be read in conjunction with the Company’s condensed interim consolidated financial statements for the three-months ended March 31, 2018 and Management’s Discussion & Analysis for the same period, available on the Company’s website at [...]