Scorpio Gold Options Caribou Gold Property to Harmony Gold

Scorpio Gold Corporation (TSXV:SGN) announced that it has entered into a preliminary option agreement with Harmony Gold Corp. to option a 100% interest in its Caribou Gold Property located in Halifax County, Nova Scotia.

The press release is quoted as saying:

Subject to due diligence, definitive documentation and regulatory approval, the binding preliminary agreement (the “Agreement”) gives Harmony the right to acquire a 100% interest in the Caribou Gold Property located in Halifax County, Nova Scotia, including certain equipment and other mining assets held by Scorpio and located on the Caribou Gold Property (the “Option”). Scorpio holds an option acquire a 100% registered and beneficial interest in the Caribou Gold Property, subject to a net smelter return royalty of 2.5% held by the underlying owner, John Logan Enterprises Ltd.

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