Brian Lock reports
SCORPIO GOLD RECEIVES DEBT EXTENSION
The forbearance agreement on Scorpio Gold Corp.'s $6-million debt originally expiring on Nov. 16, 2018, was extended to Dec. 19, 2018.
The company is currently evaluating various business alternatives, including a potential sale transaction, business combination, refinancing its long-term debt, raising financing through an equity financing or through other types of financing.
About Scorpio Gold
Scorpio Gold holds a 70-per-cent interest in the producing Mineral Ridge gold mining operation located in Esmeralda county, Nevada, with joint venture partner Elevon LLC (30 per cent).
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