Scorpio Gold Corporation (TSXV:SGN) provided an update regarding its previously announced $15 million financing with Coral Reef Capital.
As quoted in the press release:
As such, the Company is obligated to pay a break fee of $500,000 along with approximately $100,000 of related due diligence costs incurred by Coral Reef.
The Company is currently analysing alternative financing opportunities including a possible debt financing with Coral Reef, which is at an advanced stage of negotiation. Further details will be released when available.
Click here to read the Scorpio Gold Corporation (TSXV:SGN) press release
Click here to see the Scorpio Gold Corporation (TSXV:SGN) profile.
MARKETS
COMMODITIES
| Commodities | |||
|---|---|---|---|
| Gold | 1827.35 | +0.28 | |
| Silver | 21.15 | +0.03 | |
| Copper | 3.74 | 0.00 | |
| Palladium | 1879.51 | +6.50 | |
| Platinum | 911.26 | +4.32 | |
| Oil | 107.06 | +2.79 | |
| Heating Oil | 4.24 | +0.02 | |
| Natural Gas | 6.17 | -0.07 | |