Scorpio Mining Corp. (SPM.TO) Announces Acquisition of Platte River Gold
Scorpio Mining Corp. (TSX: SPM) is a junior Canadian mining company which is primarily exploring and developing the Nuestra Senora project in Mexico. The company's property mainly holds silver, but also has been found to contain copper, zinc and lead deposits. The company today announced the proposed acquisition of privately-held Platte River Gold and all of its assets, including four significant mining projects in Mexico. The transaction will involve the issuance of approximately 74.8 million common shares of Scorpio Mining, resulting in Platte River shareholders owning approximately 40% of the outstanding shares of Scorpio Mining after the deal is completed.…