Scorpio Gold Corp (SRCRF) completes $35,505 Rule 506(b) exempt equity sale
Rhea-AI Filing Summary
Scorpio Gold Corp, a British Columbia corporation, filed a new notice of an exempt offering of securities in the United States under Rule 506(b) of Regulation D. The company is offering equity securities and reports a total amount sold of $35,505 USD, with $0 USD remaining to be sold.
The amount was calculated using a Bank of Canada exchange rate of CAD$1.00:USD$0.7101 as of July 23, 2026. The first sale occurred on July 23, 2026. No finders’ fees are reported, with finders’ fees disclosed as $0 USD. The issuer declined to disclose its revenue or net asset size.
Positive
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Negative
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Key Figures
Total Amount Sold: $35,505 USD
Total Remaining to be Sold: $0 USD
Exchange Rate: CAD$1.00:USD$0.7101
+3 more
6 metrics
Total Amount Sold
$35,505 USD
Equity securities sold in the exempt offering
Total Remaining to be Sold
$0 USD
Remaining amount in the disclosed offering
Exchange Rate
CAD$1.00:USD$0.7101
Bank of Canada rate used on July 23, 2026
Exemption Claimed
Rule 506(b)
Federal exemption under Regulation D for this offering
Date of First Sale
July 23, 2026
Start date of sales in the offering
Finders’ Fees
$0 USD
Finder compensation reported for the offering
Key Terms
Rule 506(b), Regulation D exemption, covered securities, Investment Company Act of 1940, +1 more
5 terms
Rule 506(b) regulatory
"X | Rule 506(b) | Rule 506(c) | Securities Act Section 4(a)(5)"
Rule 506(b) is a U.S. securities exemption that lets companies sell shares or debt privately without full public registration, provided sales are primarily to accredited investors, up to 35 non‑accredited but financially knowledgeable buyers, and there is no public advertising or solicitation. It matters to investors because offerings under 506(b) usually include less public disclosure than registered securities—like buying from a private seller rather than a retail store—so buyers must do more of their own fact‑checking and rely on their financial sophistication.
Regulation D exemption regulatory
"if the issuer is claiming a Regulation D exemption for the offering"
covered securities regulatory
"if the securities that are the subject of this Form D are "covered securities""
Investment Company Act of 1940 regulatory
"registered as an investment company under the Investment Company Act of 1940?"
A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.
finders' fees financial
"Provide separately the amounts of sales commissions and finders fees expenses"
A finders' fee is a payment made to a person or firm that introduces two parties who then complete a business deal, such as a sale, investment or loan. Think of the finder as a matchmaker who gets paid for bringing the parties together; for investors this matters because the fee reduces the deal’s net proceeds, can affect returns, and may signal a potential conflict of interest that should be disclosed.
Offering Details
shelf/ATM
Offering
Offering Type
shelf/ATM
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What type of securities is Scorpio Gold Corp (SRCRF) offering under this Form D?
Scorpio Gold Corp is offering equity securities under an exempt offering. The notice specifies equity as the only security type selected, with no debt, warrants, or other security types indicated.
How much has Scorpio Gold Corp (SRCRF) raised in this exempt offering?
Scorpio Gold Corp reports that it has sold $35,505 USD of securities in the offering. The filing also shows a total remaining to be sold of $0 USD, indicating the offering amount disclosed has been fully placed.
Which exemption is Scorpio Gold Corp (SRCRF) relying on for this securities offering?
The company is relying on Rule 506(b) of Regulation D as its federal exemption. This rule permits certain private offerings to accredited investors and, in some cases, limited non-accredited investors, subject to specific conditions.
When did the first sale occur in Scorpio Gold Corp’s (SRCRF) exempt offering?
The first sale in the offering occurred on July 23, 2026. This date is listed as the “Date of First Sale” for the new notice, indicating when investors first purchased securities in this exempt offering.
Did Scorpio Gold Corp (SRCRF) pay any finders’ fees in this offering?
The filing reports finders’ fees of $0 USD. This indicates the issuer did not disclose any compensation to finders or intermediaries in connection with the sales covered by this exempt securities offering.
What exchange rate did Scorpio Gold Corp (SRCRF) use to report U.S. dollar amounts?
U.S. dollar figures were calculated using a Bank of Canada rate of CAD$1.00:USD$0.7101 as of July 23, 2026. This rate was applied to convert Canadian dollar proceeds into U.S. dollars for reporting purposes in the notice.