Scorpio Announces Equity Issuances
Scorpio Gold (OTCQB: SRCRF) has announced significant equity issuances through its incentive plan.
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Rhea-AI Summary
Scorpio Gold (OTCQB: SRCRF) has announced significant equity issuances through its incentive plan. The company granted 8.6 million stock options exercisable at $0.25 for five years, with vesting in four tranches between January 2026 and July 2027. Additionally, two sets of restricted share units (RSUs) were issued: 180,000 RSUs vesting in three tranches through July 2028, and 7.75 million RSUs vesting in four tranches through July 2029.
Of these grants, 5.35 million options and 7.75 million RSUs were allocated to officers and directors, qualifying as related party transactions but exempt from formal valuation and minority shareholder approval requirements. Following these issuances, the company now has 16.2 million options and 8.83 million RSUs outstanding.
Positive
- None.
Negative
- Significant potential dilution with 8.6 million new stock options and 7.93 million RSUs issued
- Large portion of equity grants (5.35M options and 7.75M RSUs) allocated to insiders
Details
News Market Reaction – SRCRF
The recorded move for SRCRF in the trading session of this news was +4.82%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - July 25, 2025) - Scorpio Gold Corporation (TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9) ("Scorpio Gold", or the "Company") announces it has granted the following (the "Equity Award Grants") to consultants and employees of the Company:
(i) 8,600,000 stock options ("Options"), exercisable at
(ii) 180,000 restricted share units ("RSUs"), vesting in three equal tranches on (i) July 25, 2026, (ii) July 25, 2027 and (iii) July 25, 2028; and
(iii) 7,750,000 RSUs, vesting in four equal tranches on (i) July 25, 2026, (ii) July 25, 2027, (iii) July 25, 2028 and (iv) July 25, 2029.
Out of the foregoing, 5,350,000 Options and 7,750,000 of the RSUs were granted to officers and directors of the Company and, accordingly, such grants were considered related party transactions under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Such grants were exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101, given neither the fair market value of the securities issued nor the consideration provided therefor exceeded
The Company is authorized to grant a total of 22,333,242 Options and 9,000,000 RSUs pursuant to its equity incentive plan, of which 16,215,550 Options and 8,830,000 RSUs are now outstanding following the Equity Award Grants.
About Scorpio Gold Corp.
Scorpio Gold holds a
ON BEHALF OF THE BOARD OF SCORPIO GOLD CORPORATION
Zayn Kalyan, Chief Executive Officer and Director
Tel: (604)-252-2672
Email: zayn@scorpiogold.com
Investor Relations Contact:
Kin Communications Inc.
Tel: (604) 684-6730
Email: SGN@kincommunications.com
Connect with Scorpio Gold:
Email | Website | Facebook | LinkedIn | X | YouTube
To register for investor updates please visit: scorpiogold.com
TSXV: SGN | OTC: SRCRF | FSE: RY9
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260056
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