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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


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.



To: loantech who wrote (52474)11/7/2007 7:53:43 PM
From: ogi  Read Replies (2) | Respond to of 78419
 
The "Retailer" in Nova Scotia is the bloody Government!!!!
A hangover from Prohibition for which I blame you and your Protestant anti pleasure whacko religious nation founders:):)
Prohibition in Canada was a direct Spillover from you guys and your Temperence women.

So, I can't just order up because it has to be handled by my Provincial Lords and Masters. It can be done but who wants to jump through hoops, I am a cat man not a dog doing the bidding.

I do Thank You for the link, Zin belongs to California exclusively, its origins murky with many theories but the old style heavyweights are just sumptuous!!! Like Amarone:)