Scorpio Gold sold a mine.I know SPM doesn't have as large a percentage of Scorpio Gold as it once did, but still ....!!!
I was doing some DD on Harmony Gold (H) yesterday wondering why it traded better than 3 million shares with only about 30 million outstanding. Anyway, news came out today ....
Harmony Gold to acquire Scorpio's Caribou property
2010-09-29 15:57 ET - News Release
Also News Release (C-SGN) Scorpio Gold Corp
Mr. Craig Engelsman of Harmony Gold reports:
HARMONY GOLD CORP. ANNOUNCES SIGNING OF OPTION AGREEMENT WITH SCORPIO GOLD (CANADA) CORPORATION AND APPOINTMENT OF DIRECTORS
Vancouver, BC, September 29, 2010
HarmonyGold Corp. (the "Company") announces that it has entered into a bindingpreliminary agreement (the "Agreement"), subject to regulatoryapproval, with Scorpio Gold (Canada) Corporation ("Scorpio") to acquire a100% interest in and to Scorpio's Caribou Gold Property located inHalifax County, Nova Scotia and to acquire certain equipment and othermining assets (the "Other Assets") held by Scorpio located on theCaribou Gold Property (the "Option"). Scorpio holds an option acquire a100% registered and beneficial interest in the Caribou Gold Property,comprised of 16 contiguous mineral claims covering approximately 256hectares, subject to a net smelter return royalty of 2.5% held by theunderlying owner John Logan Enterprises Ltd.