🕐24.01.11 - 15:54 Uhr
NEWS OUT (SILVER) - SPM.TSX - SCORPIO MINING CORP - NEW DIRECTOR
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Scorpio Mining Announces Appointment and Resignation of Director
Toronto, January 21, 2011 Scorpio Mining Corporation (TSX:SPM) ("Scorpio
Mining" or the "Corporation") announced today that Jonathan Berg has been
appointed to the Corporations Board of Directors (the "Board"), effective
January 20, 2011.
Mr.
Berg replaces Roger Scammell who resigned from the
Board, effective on the same date.
Mr.
Berg has more than 35 years experience in finance and investments.
Most
recently, he was VP Finance of PeriCor Therapeutics, Inc., a small
bio-pharmaceutical start-up, where he was responsible for the various
medical support and business activities of the company; during that same
time period, he was also the non-executive Chairman of Colombia Goldfields,
Ltd.
Formerly, Mr.
Berg was President, CIO, and founder of Berg Capital
Corporation, a registered investment advisor, based in NYC.
He has been
involved with the start up of several companies, acting as a consultant on
finance and corporate structure; he has assisted in the funding of early
stage companies in the fields of energy, technology, healthcare, and
consumer electronics.
Prior to Berg Capital, he held positions as VP/
Portfolio Manager with Oppenheimer Capital Corporation, and Standard &
Poors InterCapital.
He holds a B.S.
from the University of California,
Berkeley, and an MBA from the Wharton School of Finance at the University of
Pennsylvania.
Mr.
Scammell has been a Board member since May 2005.
Mr.
Scammell has
contributed to the development of the Corporation over the past several
years, culminating in the emergence of Scorpio Mining as a sustainable
producing mining company with new leadership and with an exciting growth
strategy.
As previously announced, Peter Hawley assumed the role of non-executive
Chairman effective January 1, 2011.
Mr.
Hawley added, "We are very pleased
to welcome Mr.
Berg to the Board.
In addition, we thank Roger for his hard
work, support and contributions developing Scorpio Mining to what it is
today and wish him the best in his future endeavours."
The Corporation also announced today that Parviz Farsangi, the Corporations
Chief Executive Officer, has been appointed as President and Chief Executive
Officer and will continue to lead the Corporation with this new title.
ON BEHALF OF SCORPIO MINING CORPORATION
Parviz Farsangi
President and Chief Executive Officer
For further information contact:
Rich Kaiser, YES International: 1-800-631-8127; 001-757-306-6090 (outside
North America)
Email:
TSX.SPM
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