| Scorpio Mining Corporation Announces Name Change and Results of Shareholder Meeting | |
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Toronto, Ontario - May 20, 2015 - Scorpio Mining Corporation (TSX: SPM)(OTCQX: SMNPF) (the "Company") is pleased to report that shareholders voted in favour of all items of business at its annual and special meeting of shareholders held on May 19, 2015 (the "Meeting") including an amendment to its articles to effect a name change to Americas Silver Corporation. The name change is designed to eliminate confusion and better align the Company's name to its current identity as it focuses efforts on silver production in the Americas. The common shares of the Company will begin trading under the new name on the Toronto Stock Exchange ("TSX"), upon acceptance by the TSX, which is expected within the next 3-5 business days. The Company will continue to trade under the symbol "SPM" on the TSX and "SMNPF" on the OTCQX until further notice. The Company's website has changed from www.scorpiomining.com to www.americassilvercorp.com.
Shareholders also approved the election of each of the nominees listed in the management information circular dated April 14, 2015 (the "Circular"). Detailed results from the election of directors are set out below.
Name
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Shares Voted For
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Shares Withheld
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Darren Blasutti
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89,796,696
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1,302,632 (1.43%)
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Alex Davidson
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88,743,772
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2,355,556 (2.59%)
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Alan Edwards
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90,294,450
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804,878 (0.88%)
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Peter Hawley
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61,238,180
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29,861,148 (32.78%)
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Bradley Kipp
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59,640,318
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31,459,010 (34.53%)
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Gordon Pridham
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89,715,996
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1,383,332 (1.52%)
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Lorie Waisberg
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88,566,583
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2,532,744 (2.78%)
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In addition, shareholders voted in favour of the following matters, each as more particularly set out in the Circular:
(i) authorized the repeal of the Company's existing by-laws and approval of new by-laws that provide, among other things, to remove unnecessary provisions and reflect certain corporate governance best practices;
(iii) approved the issuance of 5,346,639 compensation warrants to purchase common shares to Medalist Capital Ltd.
The Company is a silver mining company focused on growth in precious metals from its existing asset base and execution of targeted accretive acquisitions. It owns and operates the Cosalá Operations in Sinaloa, Mexico and the Galena Mine Complex in Idaho, USA.
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Scorpio Mining Corporation
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PRODUCER |
CODE : SPM.TO |
ISIN : CA80917V1058 |
CUSIP : 80917V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Scorpio Mining is a silver and zinc development stage company based in Canada. Scorpio Mining produces silver, zinc, copper, gold and lead in Mexico, and holds various exploration projects in Mexico. Its main asset in production is NUESTRA SENORA in Mexico and its main exploration properties are SAN RAFAEL - MAIN & UPPER ZONE, SAN RAFAEL - 120 ZONE, EL CAJON DEPOSIT, LA VERDE SINALOA, COSALA DISTRICT and LA REVANCHA in Mexico. Scorpio Mining is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 27.8 millions as of today (US$ 20.0 millions, € 17.9 millions). Its stock quote reached its highest recent level on April 16, 2004 at CA$ 4.00, and its lowest recent point on February 05, 2016 at CA$ 0.06. Scorpio Mining has 347 230 016 shares outstanding. |