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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Fri., Dec. 19, 11:26 AM

Slide #2. Scorpio Mining Corporation U.S. Silver & Gold Inc.

Acquirer: Scorpio Mining Corporation (SPM.CA)
Acquiree: U.S. Silver & Gold Inc. (USA.CA)
Details: Scorpio Mining Corporation ("Scorpio Mining") (TSX: SPM) and U.S. Silver & Gold Inc. ("U.S. Silver & Gold") (TSX: USA)(OTCQX: USGIF) are pleased to announce that their respective shareholders have approved the previously announced plan of arrangement to complete a merger of equals that will combine their respective businesses (the "Transaction"). Shareholders of each company approved the Transaction at their respective special meetings of shareholders held today with over 99% of the votes cast in favour of the Transaction in each case.

Scorpio Mining is engaged in the acquisition, exploration, development and exploitation of mineral resource properties in Mexico. Co. explores for gold, silver, zinc, copper, and lead deposits. The 100% owned Nuestra Senora Mine in the Cosala District of Sinaloa State, Mexico, has flexible mining methods and diversified metal production. It has a mechanized underground operation and a processing facility permitted for expansion to 4,000 tonnes per day. The plant produces zinc, copper and lead concentrates - two of which contain a significant silver component that contributes ~50% of the revenue from metal payable.

Open the SPM.CA Page at The Online Investor »

Scorpio Mining is engaged in the acquisition, exploration, development and exploitation of mineral resource properties in Mexico. Co. explores for gold, silver, zinc, copper, and lead deposits. The 100% owned Nuestra Senora Mine in the Cosala District of Sinaloa State, Mexico, has flexible mining methods and diversified metal production. It has a mechanized underground operation and a processing facility permitted for expansion to 4,000 tonnes per day. The plant produces zinc, copper and lead concentrates - two of which contain a significant silver component that contributes ~50% of the revenue from metal payable.

Open the USA.CA Page at The Online Investor »

Company Name:  Scorpio Mining Corp
Website:  www.scorpiomining.com
Sector:  Precious Metals
Company Name:  U.S. Silver & Gold Inc
Website:  www.us-silver.com
Sector:  Precious Metals
 

December 19, 2014    11:26 AM Eastern
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