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An announcement from Scorpio Gold ( (TSE:SGN) ) is now available.
Scorpio Gold Corporation announced a non-brokered private placement to raise $3.5 million through the issuance of up to 43,750,000 common shares at $0.08 per share. The funds will be used for exploration expenditures in the Manhattan District and for general corporate purposes. The offering is subject to TSXV approval and includes potential finder compensation. The securities will not be registered under U.S. securities laws and are subject to a hold period.
More about Scorpio Gold
Scorpio Gold Corporation is a mining company that holds a 100% interest in two past producing projects, the Manhattan District and the Mineral Ridge Mine, located in the Walker Lane Trend of Nevada, USA. The company focuses on exploration and development in these areas.
Average Trading Volume: 167,297
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$13.08M
Find detailed analytics on SGN stock on TipRanks’ Stock Analysis page.