United Mining Group Begins Trading on CNSX Under “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

Click here to access United Mining Corporate Site