Scorpio Gold - Interest to Debenture Holders in Shares

VANCOUVER, BC / ACCESSWIRE / October 19, 2020 / Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSXV:SGN) has elected to settle its semi-annual interest payment due on its US$7,175,000 secured subordinated convertible debentures in common shares of the Company. The interest payment date is October 26, 2020 and the interest payment record date is October 19, 2020. Subject to the approval of the TSX Venture Exchange the Company will issue a total of 2,616,666 common shares to settle its semi-annual interest payment of C$471,000 (US$357,767) at an exchange rate of 1.3165 and an issue price of $0.18 per share.

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