TORONTO,
Aug. 29, 2012 /PRNewswire/ - U.S.
Silver & Gold Inc. (OTCQX: USGIF; TSX: USA) (the "Company") a growth-oriented
precious metals producer, announces that it is now trading on the
OTC marketplace, OTCQX®, following the combination
transaction between two former OTCQX traded companies - U.S. Silver
Corporation and RX Gold & Silver Inc.- that closed on
August 13, 2012. The Company
began trading today on the OTC market's prestigious tier, OTCQX
International. Investors can find current financial
disclosures and Real-Time Level 2 quotes for the Company at
www.otcmarkets.com.
"The OTCQX platform offers investor-focused companies a winning
combination of quality control, transparency, and broader
visibility to U.S. investors," said R.
Cromwell Coulson, President and Chief Executive Officer of
OTC Markets Group. "We are pleased to welcome the combined company
U.S. Silver & Gold to OTCQX."
Dorsey & Whitney LLP will serve as U.S.
Silver & Gold's Principal American Liaison ("PAL") on OTCQX,
responsible for providing guidance on OTCQX requirements and U.S.
securities laws.
About U.S. Silver & Gold Inc.
U.S. Silver & Gold Inc. (OTCQX: USGIF; TSX: USA) trades in the
United States on OTCQX under the symbol "USGIF". U.S. Silver
& Gold is a new silver and gold mining company focused on
growth from existing and new assets. U.S. Silver & Gold owns
and operates the Galena Mine Complex in the heart of the
Silver Valley/Coeur d'Alene Mining
District, Shoshone County, Idaho
and the Drumlummon Mine Complex in Lewis
and Clark County, Montana. Within the Galena Mine
Complex, the Galena mine produces high grade silver and is the
second most prolific silver mine in U.S. history, delivering over
200 million ounces to date, the Coeur mine is under re-development
with production expected in late 2012 and the Caladay lead/silver
zone is being evaluated for bulk mining development. U.S.
Silver & Gold also controls 14,000 acres of exploration land in
the prolific Silver Valley that
has had very little exploration focus until recently. The
Drumlummon mine currently produces high grade gold and silver with
historical production of 1 million ounces of gold and 12 million
ounces of silver and has never been fully exploited or
explored. U.S. Silver & Gold is concentrating on
unlocking value at its producing asset base. U.S. Silver
& Gold is also focused on brownfield expansion and the
execution of targeted accretive acquisitions. Visit
www.us-silver.com.
Investor Relations Contact for US Silver & Gold:
In the United States -
Heather Foster at 208-556-1535 ext.
2
In Canada - Nicole Richard at 416-848-9503
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SOURCE U.S. Silver & Gold Inc.