Cerrado Gold Inc. press release
Scorpio Gold Pays Interest to Debenture Holders
TSXV - TSX Venture Exchange · Gold · Silver · Zinc · Copper · Lead · Tin · Iron · Canada
VANCOUVER, BC / ACCESSWIRE / April 26, 2021 /Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSXV:SGN) on April 26, 2021 paid a total of US$355,274 to settle its semi-annual interest payment to its debentureholders.
The Company has US$7,125,000 secured subordinated convertible debentures that mature on April 26, 2022. The debentures bear interest at the rate of 10% per annum, payable semi-annually. The Company did not exercise its option to pay this interest in shares and instead elected to settle this interest payment in cash.
ON BEHALF OF THE BOARD SCORPIO GOLD CORPORATION
Brian Lock, Chief Executive Officer
Brian Lock Tel: (604) 889-2543 Email: block@scorpiogold.com
Anthony Simone Tel: (416) 881-5154 Email: ir@scorpiogold.com
Website: www.scorpiogold.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Scorpio Gold Corporation
View source version on accesswire.com: https://www.accesswire.com/642055/Scorpio-Gold-Pays-Interest-to-Debenture-Holders
Earlier from Cerrado Gold Inc.
- Scorpio Gold Closes Final Tranche of Private Placement
- Scorpio Gold Announces Option Agreement with Titan Mining to Earn 80% Interest in the Mineral Ridge Property for US$35M of Expenditures or 100% Interest for US$35M Payment, and Related C$5M Equity Financing
- Scorpio Gold Intersects 12.47 g/t Gold and 176.2 g/t Silver over 7.6 m Including 53.49 g/t Gold over 1.52 m and 3,960 g/t Silver over 0.15 m in Underground Drilling at Goldwedge, Nevada