frommorgaon si www.silver-investor.com
"Scorpio Mining (TSXV:SPM) announces that it has granted stock options to various officers, directors and employees of Scorpio to purchase up to a total of 2.875 million common shares pursuant to the company's stock option plan at a discounted market price of $0.47. The options will be good for a period of five years and there will be a hold period on the shares of four months and vested over two years in accordance with the Company's stock option plan. The options are non-assignable and non-transferable, subject to certain limited exceptions and to acceptance for filing by the TSX Venture Exchange.
The Company also announces the engagement of Jackson Little Holdings Ltd. to provide investor and media relations services. Headed by Mr. Glenn Little, Jackson Little Holdings Ltd. has over an 11-year period developed a large client base of loyal sophisticated investors throughout North America, and specializes in keeping the various levels of shareholders informed as to the Company's progress on a daily basis. The terms of the three-month agreement with Jackson Little Holdings Ltd. call for a monthly fee of $3,000 and a grant of 200,000 share purchase options.
Scorpio Mining Corporation is a publicly traded Canadian exploration and mining company with properties in Canada and Mexico. The Nuestra Senora property, located about 10 kilometres southeast of Cosala, Sinaloa, Mexico, hosts four silver-zinc-copper-lead-gold deposits clustered within a 500-metre by 250-metre area. Known as the Nuestra Senora, Candelaria, Santo Domingo and Santa Teresa mines, they were developed and exploited from 1954 to 1965 by the American Smelting and Refining Company (ASARCO). During ASARCO's tenure, it mined over 1.5 million tonnes from the property.
Comments: I will be visiting the Scorpio project in late May and will report my finding to this readership. I have been told by Scorpio management that several trips by other analysts will be taking place throughout May and early June."