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United Mining Group, Inc. (CNSX:UMG) formerly Scarlet Resources, Ltd.,reported that the company will begin trading today on the CNSX under the stock symbol “UMG”.
United Mining Group, Inc. (CNSX:UMG) formerly Scarlet Resources, Ltd.,reported that the company will begin trading today on the CNSX under the stock symbol “UMG”.
The press release is quoted as saying:
On May 5, 2010, the Company closed its oversubscribed private placement with units priced at $0.50 each (including a half warrant @ $0.75) raising gross proceeds of $6,638,250. The proceeds from the private placement will be used for the development of the Crescent Mine property and general working capital.
Click here to access the entire press release