|
 |
| | January 06, 2010
U.S. Silver Hires German IR Firm & Grants Options
|
| |
January 6, 2010 - Toronto, Ontario - U.S. Silver Corporation (TSX-V: USA, US OTC: USSIF, Frankfurt: QE2) ("US Silver" or "the Company") is pleased to announce that it has entered into a Consulting Agreement dated January 1, 2010 with Metals & Mining Consult Ltd ("MMC") pursuant to which MMC will provide investor relations services to the Corporation.
The services will primarily focus on the translation into German and distribution of information about the Company in Europe. MMC will introduce the Company and post translations of its press releases on the websites www.goldseiten.de, www.minen-portal.de and www.rohstoff-welt.de which are popular with German speaking investors interested in mining and resource investments. MMC will highlight the Company's profile, fundamentals, projects and management, as well as provide selected research reports in German.
The two principal officers of MMC will each receive, pursuant to the share option Plan of the Company, options to purchase up to 100,000 common shares of U.S. Silver. The total of 200,000 options are priced at $0.18 per share and expire five years from the date of issue or thirty days from the termination of the agreement between U.S. Silver and MMC. Such options are subject to the terms and conditions of the Plan, certain vesting provisions, and the policies of the Exchange.
At the present time, neither MMC nor any individuals affiliated with MMC beneficially own, control or direct more than 2 % of the shares of U.S. Silver. However, depending on market conditions, individuals affiliated with MMC may in the future acquire, dispose of and/or beneficially own, control, or direct shares of U.S. Silver. Initially, U.S. Silver will retain MMC for a period of one year.
ABOUT U.S. SILVER CORPORATION
U.S. Silver, through its wholly owned subsidiaries, owns and operates the Galena, Coeur, Caladay and Dayrock silver-lead-copper mines in Shoshone County, Idaho, with the Galena mine being the second most prolific silver mine in US history. Total silver production from U.S. Silver's mining complex has exceeded 210 million ounces of silver production since 1953. U.S. Silver controls a land package now totaling approximately 18,000 acres in the heart of the Coeur d'Alene Mining District. U.S. Silver is focused on expanding the production from existing operations as well as exploring and developing its extensive Silver Valley holdings in the Coeur D'Alene Mining District.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in filings by the Company with the Canadian securities regulators, which filings are available at www.sedar.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Tom Parker, President and CEO (208) 752-0400
View News Release in PDF Format: |
| |
| |
| | You can view the Next News Releases item: Wed Jan 13, 2010, U.S. Silver Announces Record Production in Q4 09
You can view the Previous News Releases item: Tue Nov 24, 2009, U.S. Silver Reports Third Quarter Results & Operational Update
You can return to the main News Releases page, or press the Back button on your browser.
|
|
