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| | June 30, 2010
U.S. Silver Announces Share Purchase Option Grants
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June 30, 2010 - Toronto, Ontario - US Silver Corporation (TSX-V: USA, OTCQX: USSIF, Frankfurt: QE2) ("US Silver" or "the Company") announces that non-Executive Directors of the Company have yesterday been granted a total of 2,100,000 share purchase options. Each non-Executive Director will receive, pursuant to the share option Plan, options to purchase up to 350,000 common shares of U.S. Silver. The options are priced at $0.225 per share and expire five years from the date of issue. Such options are subject to the terms and conditions of the Plan, certain vesting provisions, and the policies of the Exchange.
In addition, the Company granted Tom Parker, the Company's President and CEO, pursuant to the share option Plan of the Company, options to purchase up to 1,000,000 common shares of U.S. Silver. The options are priced at $0.225 per share and expire 5 years from the date of issue or thirty days from the termination of the agreement between U.S. Silver and Mr. Parker. Such options are subject to the terms and conditions of the Plan, certain vesting provisions, and the policies of the Exchange.
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 217 million ounces of silver production since 1953. U.S. Silver controls a land package now totaling approximately 14,000 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 INFORMATION PLEASE CONTACT: Tom Parker, CEO (208) 752-0400 |
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