Scorpio Gold Announces Share Consolidation Effective Date
Scorpio Gold Announces Share Consolidation
Effective Date
Vancouver, British Columbia--(Newsfile Corp. - November 21, 2023) - Scorpio Gold Corporation (TSXV:
SGN) ("
Scorpio Gold
" or the "
Company
") announces that, further to the Company's press release on
November 8, 2023, the consolidation of the outstanding common shares of the Company (each, a
"
Common Share
") on the basis of one post-Consolidation Common Share for every nine pre-
Consolidation Common Shares is anticipated to be made effective for trading purposes on Friday,
November 24, 2023 (the "
Effective Date
"). It is anticipated that the Common Shares will begin trading
on the TSX Venture Exchange on a post-Consolidation basis at market open on the Effective Date. The
new CUSIP of the Common Shares will be 80918M302 and the new ISIN will be CA80918M3021.
Shareholders with physical certificates will receive a letter of transmittal from Computershare Trust
Company of Canada, the Company's transfer agent. All registered shareholders will be required to send
their certificate(s) representing pre-Consolidation shares, along with a properly executed letter of
transmittal, to the Company's transfer agent, in accordance with the instructions provided in the letter of
transmittal. Shareholders who hold their shares through a broker, investment dealer, bank or trust
company should contact that nominee or intermediary on the procedures for processing the
Consolidation of their shares, and for determining their post-Consolidation positions.
Further details regarding the Consolidation are provided in the press release of the Company dated
November 8, 2023.
ON BEHALF OF THE BOARD
SCORPIO GOLD CORPORATION
Chris Zerga
President and Chief Executive Officer
Tel:
775-753-4778
Email:
Website:
www.scorpiogold.com
Neither TSX Venture Exchange nor its Regulation 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.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements with respect to the Company. By their nature,
forward-looking statements are subject to a variety of factors that could cause actual results to differ
materially from the results suggested by the forward-looking statements. In addition, the forward-
looking statements require management to make assumptions and are subject to inherent risks and
uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate,
that the management's assumptions may not be correct and that actual results may differ materially
from such forward-looking statements. Accordingly, readers should not place undue reliance on the
forward-looking statements.
Generally forward-looking statements can be identified by the use of terminology such as "anticipate",
"will", "expect", "may", "continue", "could", "estimate", "forecast", "plan", "potential" and similar
expressions. Forward-looking statements contained in this press release may include, but are not
limited to, the issuance of Common Shares in settlement of the amounts owing under the Debentures
and the approval of the TSX Venture Exchange to the settlement of the interest payment on the
Debentures in Common Shares. These forward-looking statements are based on a number of
assumptions which may prove to be incorrect including, but not limited to, the inability to obtain the
requisite TSX Venture Exchange approval
The forward-looking statements contained in this press release are made as of the date hereof or the
dates specifically referenced in this press release, where applicable. Except as required by law, the
Company does not undertake any obligation to update publicly or to revise any forward-looking
statements that are contained or incorporated in this press release. All forward-looking statements
contained in this press release are expressly qualified by this cautionary statement.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/188338