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Scorpio Gold Corp - SRCRF STOCK NEWS

Welcome to our dedicated news page for Scorpio Gold (Ticker: SRCRF), a resource for investors and traders seeking the latest updates and insights on Scorpio Gold.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Scorpio Gold's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Scorpio Gold's position in the market.

News
Scorpio Gold Provides Q1 Corporate Update and 2024 Outlook
Rhea-AI Summary
Scorpio Gold (TSXV: SGN) provides a Q1 corporate update and outlook for 2024 operations, highlighting a transformative period with amalgamation with Altus Gold Corp., successful private placement, and new management. The Company aims to create shareholder value through exploration at Manhattan Property, development at Mineral Ridge Mine, and potential acquisition of Northstar Property.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.25%
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Scorpio Gold to Present at the 2024 Kinvestor Critical Minerals & Mining Virtual Conference
Rhea-AI Summary
Scorpio Gold 's CEO to present at the 2024 Kinvestor Critical Minerals & Mining Virtual Conference, showcasing junior mining companies exploring critical minerals for the global energy transition.
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Scorpio Gold Announces Closing of $6M Private Placement and Amalgamation
Rhea-AI Summary
Scorpio Gold Corporation completes acquisition of Altus Gold Corp., appoints new CEO and COO, closes Private Placement, and advances mineral exploration project in Nevada.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
127.27%
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Scorpio Gold Announces Further Increase in Private Placement for Total of up to $6,000,000
Rhea-AI Summary
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 Announces Increase in Private Placement and Restructure of Outstanding Loans
Rhea-AI Summary
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 Announces Closing of Second Tranche of Private Placement
Rhea-AI Summary
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 Announces Execution of Amalgamation Agreement with Altus Gold
Rhea-AI Summary
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 Announces Share Consolidation Effective Date
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
76.87%
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Scorpio Gold Prices Private Placement at $0.02 per Unit
Rhea-AI Summary
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 Announces Amended and Restated Letter of Intent to Acquire Altus Gold and Private Placement
Rhea-AI Summary
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 Corp

OTC:SRCRF

SRCRF Rankings

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SRCRF Stock Data

15.76M
20.59M
25.76%
Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
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Canada
White Rock