Brief: Scorpio Gold Q4 Loss Per Share $0.01

Scorpio Gold

24/04/2018 23:51

April 24 (Reuters) - Scorpio Gold Corp  SGN.V :
    * SCORPIO GOLD REPORTS FOURTH QUARTER AND PROVIDES YEAR-END
FINANCIAL RESULTS FOR 2017
    * Q4 LOSS PER SHARE $0.01
    * Q4 REVENUE $4.8 MILLION VERSUS $7.6 MILLION
    * Q4 ADJUSTED LOSS PER SHARE $0.00
    * CASH FLOW FROM OPERATIONS WILL SOON BE INSUFFICIENT TO
SUPPORT
COMPANY
    * REVENUES FROM OPERATIONS HAVE BEEN AND CONTINUE TO BE
ADVERSELY
AFFECTED, AND CASH FLOW FROM OPERATIONS WILL SOON BE
INSUFFICIENT
    * SCORPIO GOLD - DOES NOT EXPECT IT WILL BE ABLE TO GENERATE
SUFFICIENT CASH FLOWS FROM ITS OPERATIONS TO CONTINUE AS A GOING
CONCERN IN NEAR FUTURE
    * WILL NEED TO RAISE ADDITIONAL CAPITAL IN COMING MONTHS IN
ORDER
TO SUPPORT ITS OPERATIONS AND TO SETTLE ITS LONG-TERM DEBT

Source text for Eikon:  ID:nGNXc0HsgW 
Further company coverage:  SGN.V 

 ((Reuters.Briefs@thomsonreuters.com;))