Stillwater Mining Company Completes Acquisition of Marathon PGM Corporation

Stillwater Mining (NYSE:SWC) announced that the acquisition of Marathon PGM Corp.( TSX:MAR) has been completed.

The press release is quoted as saying:

Effective today, each common share of Marathon PGM has been exchanged for 0.112 common shares of Stillwater, C$1.775 cash and 0.5 common shares of Marathon Gold Corporation (TSX: MOZ) which will start trading at the opening of trading on December 3, 2010. Registered shareholders should follow the instructions in Marathon PGM’s information circular dated October 15, 2010 in order to obtain the cash and the certificates representing the shares. The common shares of Marathon PGM will be delisted from the Toronto Stock Exchange at the close of trading on December 2, 2010

Frank McAllister, Chairman and CEO of the company, says:

“The Marathon PGM/Copper Project will ensure Stillwater remains North America’s leading PGM producer. Further, we have long recognized geographical and commodity diversification as important to our growth. The Project’s location in Northwest Ontario, Canada and its copper resources fit nicely into this strategy.”

To access the full release, click here.