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Scorpio Gold Corp V.SGN

Alternate Symbol(s):  SRCRF

Scorpio Gold Corporation is a Canada-based company, which holds 100% interest in two past producing mines, the Manhattan Mine and the Mineral Ridge Mine, both located in the Walker Lane Trend of Nevada, United States. The Company's Manhattan District comprises the advanced exploration-stage Goldwedge Project, with an approximately 400 ton per day gravity mill. Adjacent to Goldwedge is the 4,300-acre Manhattan Project, which is centered on two past-producing pits. The Goldwedge property is located approximately 54 kilometers north-northeast of the town of Tonopah within the Manhattan Mining District of south-central Nevada. The 726-hectare (1,795 acre) property covers three separate claim blocks and encompasses the Goldwedge, Keystone and Jumbo gold deposits. It also holds a 100% interest in the Mineral Ridge gold project located in Esmeralda County, Nevada. The Mineral Ridge property comprises approximately 5,617-hectare (13,879 acre). The Company has acquired the Northstar property.


TSXV:SGN - Post by User

Bullboard Posts
Post by twonxanityon Jun 07, 2015 10:05am
142 Views
Post# 23804762

Coral Reef Financing

Coral Reef FinancingI hope the company comes out and explains more as to what their vision is. I am underwater on a very large number of shares. 


The options and warrants overlap I believe such that is when the debenture is paid back on time the warrants expire I think. If the warrants are exercised the percentage of total ownership is capped so Coral Reef cant have the conversion of the debentures and warrants.

If we paid back the loa and it only cost us interest wouldn't be so bad since the warrants would expire then.
Bullboard Posts