VANCOUVER, BC / ACCESSWIRE / April 26, 2021 / Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSXV:SGN) on April 26, 2021 paid a total of US$355,274 to settle its semi-annual interest payment to its debentureholders.
The Company has US$7,125,000 secured subordinated convertible debentures that mature on April 26, 2022. The debentures bear interest at the rate of 10% per annum, payable semi-annually. The Company did not exercise its option to pay this interest in shares and instead elected to settle this interest payment in cash.
ON BEHALF OF THE BOARD
SCORPIO GOLD CORPORATION
Brian Lock,
Chief Executive Officer
Brian Lock
Tel: (604) 889-2543
Email: block@scorpiogold.com
Anthony Simone
Tel: (416) 881-5154
Email: ir@scorpiogold.com
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.
SOURCE: Scorpio Gold Corporation
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https://www.accesswire.com/642055/Scorpio-Gold-Pays-Interest-to-Debenture-Holders
