Scorpio Gold Closes Upsized C$10.8M Offering at C$0.25/Share — 43.2M Shares Issued
SRCRF sits 40% above its 52-week low of $0.13 on light trading volume (0.1× avg).
Summary
Scorpio Gold closed an upsized C$10.8 million public offering, issuing 43.2 million shares at C$0.25 — a premium to the current market price. Proceeds will fund exploration and working capital.
Key Events · Financing and Capital Events · SRCRF
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Offering Closed at C$10.8M
Scorpio Gold issued 43.2 million common shares at C$0.25 per share for gross proceeds of C$10.8 million, including 3.2 million shares from the partial over-allotment option.
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Upsized from Initial C$8M
The offering was initially announced at C$8 million (32M shares), upsized to C$10 million (40M shares) due to strong demand, and ultimately closed at C$10.8 million.
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Priced at Premium to Market
The C$0.25 offering price represents a ~38% premium to the current US$0.1811 share price (approx. C$0.18), indicating institutional confidence.
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Agent Compensation
Agents received a C$613,500 cash commission and 2,454,000 broker warrants exercisable at C$0.25 for 24 months, adding potential future dilution.
Analysis · SRCRF · Energy & Transportation
Scorpio Gold closed a public offering that grew from an initial C$8M to C$10.8M, issuing 43.2 million shares at C$0.25 each. The offering price is a 38% premium to today's US$0.1811 (roughly C$0.25 vs. C$0.18), signaling institutional demand despite the dilutive impact. Proceeds fund exploration at the Manhattan Property and general working capital, extending the company's runway. The deal includes 2.45 million broker warrants with a C$0.25 strike, adding potential future dilution. This follows a C$70M shelf registration filed earlier this month, and the upsizing suggests stronger-than-expected investor appetite.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 36.7% of the 1072 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.61%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SRCRF was trading at $0.18 on OTC in the Energy & Transportation sector, with a market capitalization of approximately $54.9M. The 52-week trading range was $0.13 to $0.47. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.