Scorpio Gold Announces Engagement of Financial Advisor
TSX-V: SGN
1462 de la Québécoise
Val-d’Or, QC, J9P 5H4
T: 604- 678-9639
www.scorpiogold.com
News Release No. 251
Scorpio Gold Announces Engagement of Financial Advisor
Vancouver, November 15, 2017 - Scorpio Gold Corpor ation (“Scorpio Gold” or the “Company”) (TSX
V:SGN) is pleased to announce it has engaged Bordeaux Capital Inc. (“BCI”) to act as its exclusive financial
advisor in connection with the Company’s financing for the construction of the processing facility at its
Mineral Ridge property, located in Nevada.
BCI is a Toronto-based financial advisory boutique that specializes in structuring capital solutions for
public and private corporations, with a focus on raising debt financing. BCI’s principals have a combined
50 plus years of experience in the capital markets, including providing financial advisory services to
corporate clients in Canada, the U.S. and beyond. Furthermore, BCI’s principals have worked with Scorpio
Gold’s directors & management over the past decade in various roles, and across several companies which
the directors & management have been involved with.
Mineral Ridge was in production until early Novemb er 2017 as a conventional open pit mining and heap
leach operation. In October 2017, the Company announced a positive feasibility study to reprocess the heap
leach residual material, recovering a substantial po rtion of the 122,000 ounces of gold contained and
providing approximately five more years of mine lif e at Mineral Ridge. The Company has also engaged
Mine Technical Services to prepare an NI 43-101 compliant resource and reserve estimate and updated
mine plan for other mineable mineral resources already defined on the property, which could further extend
the Mineral Ridge life of mine. Further exploration at Mineral Ridge may also add additional resources.
About Scorpio Gold
Scorpio Gold holds a 70% interest in the Mineral Ridge gold mining operation located in Esmeralda County,
Nevada with joint venture partner Elevon, LLC (30%). Scorpio Gold also holds a 100% interest in the
advanced exploration-stage Goldwedge property in Manhattan, Nevada, with a fully permitted underground
mine and 400 ton per day mill facility. The Gold wedge mill facility has been placed on a care and
maintenance basis and can be restarted on short notice.
Scorpio Gold’s Chairman, Peter J. Hawley, PGeo, is a Qualified Person as defined by National Instrument
43-101 and has reviewed and approved the content of this release.
ON BEHALF OF THE BOARD
SCORPIO GOLD CORPORATION
Brian Lock,
Interim CEO
For further information contact:
Chris Zerga, President
Tel: (604) 678-9639
Email: [email protected]
Scorpio Gold Corporation | 2
Website: www.scorpiogold.com
Neither TSX Venture Exchange nor its Regula tion Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
The Company relies on litigation protection for forward-looking statements. This news release contains forward-looking statements
that are based on the Company's current expectations and estimat es. Forward-looking statements are frequently characterized by
words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words
or statements that certain events or conditions "may" or "will" occur, and include, without restriction, any statements regardi ng
planned financing and construction activities, planned future production and completio n of an NI-43-101 compliant resource and
reserve estimate and updated mine plan. Such forward-looking st atements involve known and unknown risks, uncertainties and
other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or
expressed in such forward-looking statements, including risks rela ted to open pit mining, unanticipated changes in the mineral
content of materials being mined; unanticipated changes in recovery rates; changes in project parameters; failure of equipment or
processes to operate as anticipated; the failure of contracted parties to perform; availability of skilled labour and the impac t of
labour disputes; delays in obtaining approva l to the revised Plan of Operations, pe rmits and governmental approvals; changes in
metals prices; the availability of cash fl ows or financing to meet the Company’s ongoi ng financial obligations or to finance th e
construction of the mill facil ity; unanticipated changes in ke y management personnel; change s in general economic conditions;
other risks of the mining industry; and those risk factors outlined in the Company’s Management Discussion and Analysis as filed
on SEDAR. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by
applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a
result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future
performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty thereof.