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 (SRCRF) is a Nevada-focused gold exploration company advancing historic mining assets through modern geological methods. This news hub provides investors with essential updates on exploration progress, financial developments, and operational milestones across its Manhattan District and Mineral Ridge projects.
Access consolidated information on drill results, NI 43-101 resource estimates, and strategic partnerships in one centralized location. Our curated news feed covers critical updates including permit approvals, management changes, and exploration program expansions while maintaining strict compliance with mining disclosure standards.
Key content categories include quarterly financial disclosures, technical report summaries, asset acquisition announcements, and operational progress reports. Bookmark this page for streamlined tracking of Scorpio Gold's developments in Nevada's Walker Lane Trend, recognized for its significant gold mineralization potential.
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).
Scorpio Gold Corporation has opted to settle its semi-annual interest payment of $441,424 on its US$7,125,000 secured subordinated convertible debentures by issuing 4,579,083 common shares at a price of $0.0964 per share. The company received approval from the TSX Venture Exchange to proceed with this settlement, which was announced on October 20, 2021 and executed on October 26, 2021. This move indicates a strategy of cash conservation amidst financial obligations.
Scorpio Gold Corporation has arranged a short-term credit facility of US$500,000 with its directors to sustain operations until the forthcoming Goldwedge assays are released. The funds will be drawn in advances, with a minimum of US$100,000. The credit is unsecured and interest-free, requiring repayment upon closing a private placement of over C$1,000,000 or by January 1, 2022. The Goldwedge drill program targets potential mineral resource continuity and is part of the broader exploration strategy, including connections with the nearby Manhattan Mine project.
Scorpio Gold Corporation has opted to settle its semi-annual interest payment on US$7,125,000 secured subordinated convertible debentures in common shares. The interest payment of C$441,424 (US$357,226) will be made on October 26, 2021, with a record date of October 19, 2021. The company plans to issue 4,581,401 common shares at an issue price of $0.0964 per share, subject to TSX Venture Exchange approval. This decision aims to manage cash flow while meeting debt obligations.
Scorpio Gold Corporation has regained 100% control of its Mineral Ridge Property in Nevada after Titan Mining Corporation terminated their earn-in option agreement. This 14,000-acre property has historically produced approximately 1 million ounces of gold and has known resources of 335,000 ounces of gold. The site is fully permitted but currently on care and maintenance. Titan Mining's lack of drilling results limits Scorpio's analysis of exploration targets identified during their tenure. Scorpio Gold also holds interests in the Goldwedge property, enhancing its position in the region.
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