Silver Scott Announces Closing of Acquisition of Mexican Gold Mine Assets

- February 9th, 2011

Silver Scott Mines, Inc. (PINK:SILS) announces the Company has closed a transaction whereby it acquired all of the issued and outstanding shares of HMD Holdings, Inc. which owns 100% of the outstanding shares of Minera Mystery S.A. de C.V., a Mexican corporation.

Silver Scott Mines, Inc. (PINK:SILS) announces the Company has closed a transaction whereby it acquired all of the issued and outstanding shares of HMD Holdings, Inc. which owns 100% of the outstanding shares of Minera Mystery S.A. de C.V., a Mexican corporation.

The press release is quoted as saying:

Minera Mystery controls multiple gold hosting mineral concessions in the Sonora and Chihuahua states of Mexico. The projects include the Carmen, Purisima, Venturina, Minitas and others. Silver Scott issued a total of 12.4 million shares to acquire HMD Holdings.

Click here to access the entire press release.

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