Northwire Canada EditionWednesday, August 19, 2026
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NGC 0.120 +0.0% JUGR 1.29 +1.2% SAGA 0.465 −5.1% B 0.520 −7.1% QGR 0.165 −2.9% ALTA 0.165 −2.9% OMG 2.98 −2.3% NTX 0.110 +0.0% QCX 0.250 +0.0% KLDC 0.280 −9.7% GLAD 2.74 −5.2% INTR 0.805 −5.3% NILI 0.840 −4.5% NEXG 1.33 −0.8% ABA 0.095 −24.0% VAU 0.165 +3.1% NGC 0.120 +0.0% JUGR 1.29 +1.2% SAGA 0.465 −5.1% B 0.520 −7.1% QGR 0.165 −2.9% ALTA 0.165 −2.9% OMG 2.98 −2.3% NTX 0.110 +0.0% QCX 0.250 +0.0% KLDC 0.280 −9.7% GLAD 2.74 −5.2% INTR 0.805 −5.3% NILI 0.840 −4.5% NEXG 1.33 −0.8% ABA 0.095 −24.0% VAU 0.165 +3.1%
Financings

Scorpio Gold closes $8-million private placement

By The Northwire Desk — AI Analysis Sep 04, 2025 · 04:09 SGN · 0.41 Scorpio Gold Corporation
SGN · Price

Executive Summary

  • Scorpio Gold Corp. closed a non‑brokered private placement of 32 million common shares at $0.25 per share, raising gross proceeds of $8 million.
  • The financing was subscribed by notable investors Ross Beaty ($4.4 M), Eric Sprott ($3 M) and four members of the Lumina Group ($0.6 M).
  • Net proceeds will fund exploration and development at the Manhattan district project in Nevada and support general corporate purposes.

Key Details

  • Placement Size: 32,000,000 common shares issued.
  • Price per Share: $0.25 CAD.
  • Gross Proceeds: $8,000,000 CAD.
  • Investor Subscriptions:
  • Ross Beaty – $4,400,000 CAD
  • Eric Sprott – $3,000,000 CAD
  • Lumina Group (four members) – $600,000 CAD
  • Finder’s Fees Paid: $90,000 CAD in cash.
  • Closing Conditions: Subject to final approval by the TSX Venture Exchange.
  • Hold Period: All securities subject to a four‑month‑plus‑one‑day hold period under Canadian securities law.
  • Use of Proceeds:
  • Advance exploration and development activities at the flagship Manhattan district project (Nevada).
  • General corporate purposes.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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