Scorpio Gold Corp V.SGN

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[tdsb]

I found this interesting from a news release on October 22,2021. Scorpio Gold- Arranges Short Term Credit Facility with Board.

SGN reports that certain directors of the company have agreed to provide the company with a short term credit facility in order to maintain its operations over the short term. The proceeds of the advances made under the credit facility will be used to bridge the company's activities until all Goldwedge assays have been announced so that an equity placement can be conducted later in the year. 

I like the fact that certain directors have skin in the game and that they want to do a private placement after the Goldwedge assays are in. This indicates to me that they believe their share price will be higher after these assays are received, and the placement will be able to proceed at a higher price. There is no certainty that this will happen but the fact that it is being done this way makes me believe we will soon see higher prices. CHEERS!

[Goldy63]

Great info TD . Yes skin in the game and with continued great grades a ressource will get proved up and we can do a raise at a much higher sp . Also the possibility Richard Warke or another big fish comes in with some big bucks to Support SGN . Lets not forget that BOTH these properties are hitting big Gold and adjoining one another over huge Hectares . Read on from NR (Quote).In conjunction with