The Company is pleased to announce that it has completed the non-brokered private placement announced on March 31, 2011. The Company issued 11,093,750 units at $0.08 per unit generating gross proceeds of $887,500.
RTTNews) – Scorpio Mining Corp. (SPM.TO: News ) announced that Hemdat Sawh has been appointed as Chief Financial Officer or CFO effective May 1, 2011. Gilbert Comtois, the company’s current CFO will continue to serve as CFO for Scorpio Gold Corporation and will assist Sawh on an as needed basis.
Credit Suisse has kept a Neutral rating and $4.25 target price on Mercator Minerals Limited (ML.TO) after announcing on April 12 that it has entered into a friendly business combination agreement with Creston Moly Corp. (CMS.V), whereby ML will acquire each CMS share in exchange for 0.15 ML common shares, plus $0.08 in cash. At the time of the announcement, the transaction valued CMS at approximately C$195 million.
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