News
2015
SCORPIO MINING CORPORATION ANNOUNCES NAME CHANGE AND RESULTS
OF SHAREHOLDER MEETING
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 |
Shares Voted For |
Shares Withheld |
|
Darren Blasutti |
89,796,696 |
1,302,632 (1.43%) |
|
Alex Davidson |
88,743,772 |
2,355,556 (2.59%) |
|
Alan Edwards |
90,294,450 |
804,878 (0.88%) |
|
Peter Hawley |
61,238,180 |
29,861,148 (32.78%) |
|
Bradley Kipp |
59,640,318 |
31,459,010 (34.53%) |
|
Gordon Pridham |
89,715,996 |
1,383,332 (1.52%) |
|
Lorie Waisberg |
88,566,583 |
2,532,744 (2.78%) |
The biographies of directors and further details about the Company’s corporate governance practices are available at www.americassilvercorp.com.
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;
(ii) ratified and confirmed the Company’s Shareholder Rights Plan as adopted by the Board on April 14, 2015; and
(iii) approved the issuance of 5,346,639 compensation warrants to purchase common shares to Medalist Capital Ltd.
About Scorpio Mining Corporation (now Americas Silver Corporation)
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.
For further information please see SEDAR or www.americassilvercorp.com.
For more information:
Darren Blasutti, President and CEO 416-848-9503
Nikki Richard, Investor Relations 416-848-9503