Scorpio Gold (TSE:SGN) has released an update.
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Scorpio Gold Corporation has successfully transformed significant debt into equity, improving its financial stance by converting over $3.3 million of debt into shares at a beneficial premium. This strategic move is anticipated to fortify the company’s balance sheet and accelerate its growth, particularly as it advances with drilling projects and prepares to release a technical report on its Manhattan property. Additionally, Scorpio Gold is advancing a private placement to raise $2.1 million for exploration and corporate expenses.
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