Brief: Scorpio Gold Says Cash Flow Will Soon Be Insufficient To Support Co

Scorpio Gold

28/08/2018 23:19

Aug 28 (Reuters) - Scorpio Gold Corp  SGN.V :
    * SCORPIO GOLD REPORTS FINANCIAL RESULTS FOR SECOND QUARTER
OF
2018
    * SCORPIO GOLD CORP QTRLY ADJUSTED EARNINGS PER SHARE $0.00
    * SCORPIO GOLD CORP QTRLY BASIC & DILUTED EARNINGS PER SHARE
$0.00
    * SCORPIO GOLD CORP QTRLY REVENUE OF $2.5 MILLION, COMPARED
TO
$6.3 MILLION DURING Q2 OF 2017
    * SCORPIO GOLD CORP - CASH FLOW FROM OPERATIONS WILL SOON BE
INSUFFICIENT TO SUPPORT COMPANY
    * SCORPIO GOLD - DOES NOT EXPECT IT WILL BE ABLE TO GENERATE
SUFFICIENT CASH FLOWS FROM OPERATIONS TO CONTINUE AS A GOING
CONCERN IN NEAR FUTURE
    * SCORPIO GOLD - EVALUATING BUSINESS ALTERNATIVES, WHICH
INVOLVE
REFINANCING LONG-TERM DEBT, RAISING REQUIRED CAPITAL
    * SCORPIO GOLD - WILL NEED TO RAISE ADDITIONAL CAPITAL TO
SUPPORT
OPERATIONS, TO SETTLE LONG-TERM DEBT

Source text for Eikon:  ID:nGNX3fG4Yk 
Further company coverage:  SGN.V 

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