03:47 PM EST - Scorpio Mining Corp. : said it has signed an arrangement agreement with Platte River Gold Inc. dated January 7, 2010 for the acquisition of Platte River and all its assets, including the La Verde Project and its significant polymetallic deposits located near the company's Nuestra Senora mine in Mexico, which will be completed by way of a court-approved plan of arrangement under the Business Corporations Act. The company stated that the purpose of the arrangement is to effect the acquisition of all of the issued and outstanding common shares of Platte River from the holders thereof in exchange for the issuance by the company to the Platte River Shareholders of common shares of the company. Scorpio Mining Corp.
shares T.SPM are trading up $0.01 at $0.68.
