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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 Jonny2fingerson Oct 29, 2019 2:54pm
446 Views
Post# 30282933

Interest Payment

Interest Payment"Scorpio Gold Pays Interest to Debentureholders VANCOUVER, British Columbia, Oct. 28, 2019 (GLOBE NEWSWIRE) -- Scorpio Gold Corporation (Scorpio Gold or the Company) (TSX-V: SGN) on October 28, 2019 paid a total of US$359,733 to settle its semi-annual interest payment to its debentureholders. As announced on April 29, 2019 the Company closed a non-brokered private placement offering of a total of US$7,175,000 secured subordinated convertible debentures. The debentures have a term of three years and bear interest at the rate of 10% per annum, payable semi-annually. The Company did not exercise its option to pay this interest in cash and instead elected to settle this first interest payment in cash." ????????? I assume whoever wrote this NR meant to say that SGN paid amount owing in CASH and did not exercise its option to pay amount owing in SHARES. A bit ridiculous when shareholders are left to interpret a NR.
Bullboard Posts