Scorpio Gold launches marketed share offering for up to $8 million at $0.25 each

Reuters2026/07/24 21:09

By:Reuters

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Scorpio Gold launched a marketed public offering of up to 32,000,000 common shares at $0.25 each for gross proceeds up to $8 million.
Velocity Trade Capital to act as lead agent, sole bookrunner; shares sold on a best-efforts basis.
Agents hold a 30-day option to buy up to 4,800,000 additional shares on the same terms for stabilization or over-allotments.
Net proceeds earmarked for exploration at the Manhattan Property, working capital.
Closing targeted on or about July 23, 2026, subject to required approvals, including TSXV acceptance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Scorpio Gold Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001753926-26-001227), on July 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Scorpio Gold launches marketed share offering for up to $8 million at $0.25 each

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