Scorpio Gold Corp V.SGN

Alternate Symbol(s): SRCRF

Metals & Mining Gold

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

Scorpio Gold Corp > Regulatory Intervention

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Post by MBockholdon Oct 20, 2020 2:09pm

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Post# 31749018

Regulatory Intervention

Scorpio's public disclosure in their MD&A and the Circular is inadequate, inaccurate and misleading. There is literally no disclsoure in the Circular nor is their a 3rd party valuation or fairness opinion. Brian Locke (CEO) also refused to address these issues:

https://bockholdinvestment.com/wp-content/uploads/2020/10/Locke-Recording-Fairmont-Pacific-Rim-Sept-28th-2020.m4a

Scorpio's release in April 2020 sites P+P reserves of 216,700 oz at US$1500 gold yet their NI43-101 in January 2018 sites P+P reserves of 273,500. Typically reserves go up when the price of gold rises.

Titan discloses buying a Mineral Resource of 350,000oz

We have requested the BCSC and TSX postpone closing the Titan transaction pending clarification of these discrepencies and receipt of a 3rd party valuation. Clearly, Scorpio shareholders are not receiving fair value in the Titan transaction.

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