Americas Silver Corp fka USAPF

[NYBob]

Silver Ag chart ST alert bull cup and handle



U.S. Silver Corporation Announces $6 Million Bought Deal Equity Financing

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO
U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF
THE SECURITIES DESCRIBED HEREIN

http://www.us-silver.com/s/NewsReleases.asp?ReportID=417576&_Type=News-Releases&_Title=U.S.-Silver-Corporation-Announces-6-Million-Bought-Deal-Equity-Financing

Toronto, Ontario, September 8, 2010 --

U.S. Silver Corporation
[TSX-V: USA; US OTCQX:USSIF; DB Frankfurt: QE2] (the "Company") is pleased to announce that it has entered into an agreement
with Cormark Securities Inc.
("Cormark") (the "Underwriter") whereby the Underwriter will
purchase 23,100,000 units ("Units") of the Company on a bought
deal private placement basis at a price of $0.26 per Unit.
Each Unit shall consist of one common share of the Company and
one-half of one common share purchase warrant.
Each whole warrant shall be exercisable at any time for one
common share at a price of $0.35 per share for a period of
two years following closing.

The Company shall have the right, commencing nine months after Closing,
to call the outstanding warrants for expiry, upon 30 days notice
should the common shares close at or above $0.45 for 20
consecutive trading days.
Prior to nine months after Closing the warrants will not
be callable for exercise by the Company.

The Underwriter shall be entitled to a cash commission equal to 6.0% of the gross proceeds of the offering. In addition the Underwriter will be granted broker units ("Broker Units") equal to 6% of the number of Units sold under the offering. Each Broker Unit will entitle the Underwriter to purchase units consisting of one common share and one-half of one common share purchase warrant at $0.26 per unit for a period of two years following the Closing. Each whole warrant will be exercisable for one common share at a price of $0.35 per share for a period of two years following the Closing.

The Underwriter shall also have the option, exercisable prior to the closing of the offering, to purchase up to an additional 3,465,000 Units at the issue price under the offering. The offering is scheduled to close on or about September 29, 2010 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.

The net proceeds of the offering will be for redevelopment of
The Coeur Mine and for general working capital purposes.

The securities described herein have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States unless registered under the Act or unless an exemption from registration is available. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About U.S. Silver Corporation

U.S. Silver, through its wholly owned subsidiaries, owns
and/or 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 totalling
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.

For Further Information Contact:

Tom Parker, CEO
Tel: [phone]
Chris Hopkins, CFO
Tel: [phone]
Email: [e-mail]

Website:
http://www.us-silver.com
--

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