the cork' on 'Scorpio Mining Corp. (SMNPF) - RE: This may be one of the best Acquisition & Mergers to come out of the criminal distortions in the precious metals markets.
RE: SMNPF Market cap $63,850,954.- its about what only one of their mills would cost in redevelopment -
the rest of the infrastructure development - since 100yrs back etc. about Galena Mine and many more silver and gold mines - with many deep shafts - would cost much more than the market cap @ current development cost - gold and silver pm and base metal reserves etc. - all 100miles of underground working etc. etc. - all for free - still SMNPF sitting on many millions in cash also etc.
Scorpio Mining Corporation ("Scorpio Mining") (TSX: SPM)(OTCQX: SMNPF) and U.S. Silver & Gold Inc. ("U.S. Silver & Gold") (TSX: USA)(OTCQX: USGIF) are pleased to announce the completion of their previously announced merger of equals to combine their respective businesses by way of a plan of arrangement of U.S. Silver & Gold pursuant to section 182 of the Business Corporations Act (Ontario) (the "Transaction").
The Transaction was approved at special meetings of the shareholders of U.S. Silver & Gold and Scorpio Mining, respectively, on December 18, 2014. Final court approval was obtained from the Ontario Superior Court of Justice on December 22, 2014.