To: loantech who wrote (52474 ) 11/7/2007 7:45:21 PM From: Rocket Red Read Replies (1) | Respond to of 78419 U.S. Silver arranges $20-million bought deal 2007-11-07 15:59 ET - News Release Shares issued 186,078,202 USA Close 2007-11-06 C$ 1.05 Mr. Bruce Reid reports U.S. SILVER CORPORATION TO RAISE $20 MILLION THROUGH BOUGHT-DEAL OFFERING U.S. Silver Corp. has entered into an agreement with Research Capital Corporation and Cormark Securities Inc. as underwriters whereby the underwriters will purchase, on a bought deal private placement basis, 20 million units of U.S. Silver at a price of $1.00 per unit. Each unit shall consist of one common share and one-half of one common share purchase warrant, each whole warrant entitling the holder thereof to purchase one common share at a strike price of $1.25 for a period of 24 months following the closing of the offering. The gross proceeds of the offering will be $20-million. The underwriter shall have the option to increase the size of the offering by up to $5-million in units by giving written notice of the exercise of the underwriter's option to the company at any time up to 24 hours before closing. The units will be offered by way of private placement exemptions from prospectus requirements in such provinces of Canada as the underwriter may designate. The transaction is scheduled to close on or about Dec. 3, 2007, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange. In consideration for their services, the underwriters will receive a cash commission of 7 per cent and broker warrants of 7 per cent of the gross proceeds of the transaction. The proceeds received by the company from the sale of the transaction will be used to finance the continued exploration and development of the company's properties and for working capital purposes. We seek Safe Harbor.