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U.S. Silver Corporation (TSX-V: USA, US OTCQX: USSIF, Frankfurt: QE2) ("US Silver" or "the Company") is pleased to announce that the Company is now trading on OTCQX(r),, the leading electronic inter-dealer quotation system, trading technology and financial information provider for Over-the-Counter (OTC) securities.
"OTCQX provides U.S. Silver Corp. with the highest level of visibility and access to U.S. investors possible in the OTC," said R. Cromwell Coulson, President and CEO of Pink OTC Markets. "We are pleased to welcome U.S. Silver to OTCQX." U.S. Silver Corp. began trading today on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosure and real-time Level 2 quotes for the company on www.otcqx.com and www.otcmarkets.com. Hodgson Russ LLP will serve as U.S. Silver's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on listing requirements. Galena shaft Repairs
The Company is also pleased to report that its Galena shaft rehabilitation is complete. The entire 830 feet of shaft requiring rehabilitation have now been cleared, lined with concrete, and new electrical, air and water lines installed. The last temporary shaft bulkhead will be removed and the final connecting steel sets and shaft guides will be installed during the week of March 8, 2010. These actions will provide complete top to bottom access to the Galena shaft for men and materials by no later than March 15, 2010. Tom Parker, Company C.E.O., stated " The Galena shaft has been out of service between the 2400 and the 3200 foot levels for the past 12 years. Completing this rehabilitation will provide much better ventilation for the mine and more efficient placement of men and materials on various levels." The Galena shaft had not been used to hoist ore and waste rock since 1990. The Company has budgeted funds to rehabilitate loading pockets on four levels of the mine. With the shaft repairs completed, cleaning and rehabilitation of the pockets will now begin with completion expected late in the third quarter of 2010. An operating Galena shaft reduces the Company's operational dependence on the # 3 shaft. IR Clarification
The Company also wishes to clarify its press release of January 6, 2010 which announced the signing of a Consulting Agreement dated January 1, 2010 with Metals & Mining Consult Ltd ("MMC") which stated that MMC will provide investor relations services to the Corporation. |
