SRCRD Stock Price, News & Analysis
SRCRD
Company Description
Scorpio Gold Corporation (TSXV: SGN) is a Vancouver-based company focusing on restructuring planned financings to raise capital through non-brokered private placements. With a recent announcement highlighting a new financing strategy, Scorpio Gold aims to raise up to $4,000,000 with the issuance of common shares and share purchase warrants. The company's ongoing Private Placement, reflected post-consolidation, is integral to its proposed acquisition of Altus Gold Corp. Scorpio Gold's strategic approach and financial decisions position it for future growth and development.
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No SEC filings available for SRCRD.
Financial Highlights
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Frequently Asked Questions
What is Scorpio Gold Corporation focused on?
Scorpio Gold Corporation is focused on restructuring planned financings to raise capital through non-brokered private placements.
What is the amount Scorpio Gold aims to raise through its recent announcement?
Scorpio Gold aims to raise up to $4,000,000 through the issuance of common shares and share purchase warrants.
What is the purpose of the ongoing Private Placement by Scorpio Gold?
The ongoing Private Placement by Scorpio Gold is integral to its proposed acquisition of Altus Gold Corp.
What is the date for the final tranche closing for the Private Placement?
The final tranche closing for the Private Placement is expected to be on or about January 23, 2024.
What is the contact information for the President and CEO of Scorpio Gold?
Chris Zerga, President and CEO, can be reached at Tel: (819) 825-7618 or via email at czerga@scorpiogold.com.
What does Scorpio Gold's recent announcement on extending the closing of the Private Placement entail?
Scorpio Gold announced an extension of the closing of the second tranche of the Private Placement to a date around January 18, 2024, with the final tranche closing expected on or about January 23, 2024.
What are the key components of each unit in the Private Placement by Scorpio Gold?
Each unit in the Private Placement comprises one common share of the Company and one common share purchase warrant, exercisable at $0.20 per share for two years from the date of issuance.
What is the intended use of the proceeds from the Private Placement by Scorpio Gold?
Scorpio Gold intends to use the proceeds from the Private Placement for general working capital purposes.
What regulatory approval is necessary for the completion of the Private Placement by Scorpio Gold?
The Private Placement by Scorpio Gold is subject to the final approval of the TSX Venture Exchange.
What precautions do forward-looking statements by Scorpio Gold include?
Forward-looking statements by Scorpio Gold incorporate risk factors and potential uncertainties that may impact the accuracy and realization of projected events or results.