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| Home : Scorpio Gold Provides Update on the Previously Announced $15 Million Strategic Financing |
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Apr 29
2015 |
Scorpio Gold Provides Update on the Previously Announced $15 Million Strategic Financing |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 28, 2015) - Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX VENTURE:SGN) announces that the proposed $15 million Strategic Financing with Coral Reef Capital LLC ("Coral Reef") has been terminated due to concerns about certain large shareholders opposing the transaction. 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. |
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| Source:http://www.marketwired.com/mw/release.do?id=2014294&sourceType=3 |
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