Scorpio Gold Board Appointments
TSX-V: SGN
Unit 1 – 15782 Marine Drive
White Rock, B.C. V4B1E6
T: +1 (604) 536-2711
www.scorpiogold.com
News Release No. 279
Scorpio Gold Board Appointments
Vancouver, October 30, 2019 – Scorpio Gold Corporation (“Scorpio Gold” or the “Company”) (TSX -V:
SGN) is pleased to announce the appointment of Ian Dawson and Murray Bockhold to the board of directors
of the Company, subject to approval of the TSX Venture Exchange. Luc Pelchat has retired from the board
of directors and the Company thanks him for his contribution to the Company during his tenure.
Ian G. Dawson BA, MBA, President Dawson Group Limited. The Dawson Group is primarily involved in
Construction (1922), Road Maintenance (1988) and Truck Sales, Service and Leasing (1991).
Murray Bockhold, BCom, CIM, Founder and CEO of Bockhold Investment Management (“BIM”). BIM
provides portfolio investment advice exclusively to the BIM Group at CIBC Wood Gundy Park Place. He
began his career 35 years ago at Burns Fry where in 1989, together with two colleagues, they created the
Sigma Account, the first non-discretionary fee-based brokerage account that went on to become an industry
standard. Mr Bockhold previously served on the Board of an Intel Corporation Portfolio Company and the
Board of Richardson GMP. He is a strong advocate for shareholder/investor rights. As the Chair of the Ad
Hoc Committee of Twin Butte Energy, and working with Bennett Jones and Macquarie Capital, the Ad Hoc
successfully unlocked $100 million of value on behalf of debenture holders. Mr Bockhold currently serves
as the Court appointed Trustee for Gryphon Gold Corporation.
The appointments of Mr. Dawson and Mr. Bockhold were made p ursuant to the Board Composition
Requirement of the Convertible Secured Subordinated Debenture Indenture made as of April 26, 2019
between the Company and Computershare Trust Company of Canada (the “Debenture Indenture”) . T he
Lead Debentureholders mean collectively Ianco Holdings Ltd., a company owned by Ian Dawson and
Matco Holdings Ltd., a company controlled by Bruce Dawson (the “Lead Debentureholders”). The Board
Composition Requirements are now met as at least half of the Board are nominees of the Lead
Debentureholders given that Pet er Tegart, Ian Dawson and Murray Bockhold are Lead Debentureholder
board nominees.
With the two appointments and one resignation the board of directors of the Company is now comprised of
six members including Peter Hawley, Brian Lock, Peter Brieger, Peter Tegart, Ian Dawson and Murray
Bockhold.
About Scorpio Gold Corporation
Scorpio Gold holds a 100% interest in the Mineral Ridge gold mining operation located in Esmeralda
County, Nevada. Mineral Ridge is a conventional open pit mining and heap leach operation. Mining at
Mineral Ridge was suspended in November 2017; however, th e Company continues to generate limited
revenues from residual but diminishing recoveries from the leach pads. 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 Goldwedge mill facility has been placed on a care
and maintenance basis and can be restarted immediately when needed.
Scorpio Gold’s Chairman, Peter J. Hawley, P.Geo., is a Qualified Person as defined in National Instrument
43-101 and has reviewed and approved the content of this release.
ON BEHALF OF THE BOARD
SCORPIO GOLD CORPORATION
Brian Lock,
Chief Executive Officer
For further information contact:
Brian Lock, Chief Executive Officer
Tel: (604) 889-2543
Email: [email protected]
Chris Zerga, President
Tel: (604) 536-2711
Email: [email protected]
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.
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 estimates. Forward -looking statements are frequently characterized by
words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “suggest”, “indicate” and other sim ilar
words or statements that certain events or conditions “may” or “will” occur, and include, without limitation, statements rega rding
the Company’s plans with respect to the exploration of its Goldwedge project. Such forward -looking statements involve known
and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estima ted or
anticipated events or results implied or expressed in such forward -looking statements, including risks involved in mineral
exploration programs 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.