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Posted by
Two Blokes Apr 16 -
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Stock
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Vancouver, British Columbia--(Newsfile Corp. - April 15, 2025) - Scorpio Gold Corporation (TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9) ("Scorpio" or the "Company") is pleased to announce that it has closed a first tranche (the "First Tranche") of its previously announced financing (the "Financing") through the issuance of 67,082,355 common shares (the "Shares") at a price of $0.08 per Share, for gross proceeds of $5,366,588, and that it intends to increase (the "Upsize") the total size of the Financing from $6 million to up to $7.05 million. In connection with the First Tranche, the Company paid finder's fees of $18,248 and issued 230,350 in finder's warrants, each finder's warrant entitling the holder to acquire one common share at an exercise price of $0.08 for two years from issuance.
