RX Exploration (RXEXF)

[NYBob]

U.S. Silver Board Recommends Rejection of Hecla Offer and
Reaffirms Recommendation for Combination Transaction with
RX Gold

SPROTT CONTINUES TO SUPPORT COMBINATION TRANSACTION

http://www.newswire.ca/en/story/1013631/u-s-silver-board-recommends-rejection-of-hecla-offer-and-reaffirms-recommendation-for-combination-transaction-with-rx-gold

USSIF TA P&F Bullish Price Objective fiat$2.82 very oversold & undervalued




U.S. Silver responds to unsolicited offer

http://ih.advfn.com/p.php?pid=nmona&article=53603601&symbol=USA

U.S. Silver Corporation (TSX: USA)




("U.S. Silver" or the "Company") today responds to a press
release issued on July 25, 2012 by
Hecla Mining Company ("Hecla"),
which announced Hecla's intention to make an all cash offer to
acquire all of the outstanding common shares of U.S. Silver
for C$1.80 per share and all of the outstanding common share
purchase warrants of U.S. Silver for C$0.205 per warrant (the
"Hecla Offer").

The Company's board of directors is in the process of reviewing and evaluating the announcement with its outside financial and legal advisors and will notify shareholders of any recommendation in respect of the Hecla Offer by the board of directors through a news release and circular in accordance with applicable securities laws.

The board of directors will update shareholders from time to time on developments relating to the Hecla Offer and the Company's proposed combination transaction with RX Gold & Silver Inc. ("RX Gold") announced on June 7, 2012. The combination agreement between U.S. Silver and RX Gold will remain in effect unless terminated by either party in accordance with its terms.

The Company has retained Cormark Securities Inc. as its financial advisors and Stikeman Elliott LLP as its legal advisors.

About
U.S. Silver 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
U.S. 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.

SOURCE U.S. Silver Corporation

Hecla made a cash offer to USSIF's shareholders -
CDE should make a better offer to U.S. Silver Corporation
(USSIF) shareholders
with exchange of shares etc.



the fiat$ is bankrupt & too risky to hold over night -

would make no sleep -
the one with fiat in the pocket will
exchange it for Silver REAL MONEY a.s.a.p. -
to be able to get LT real hard asset money

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77879807



we expect other mining companies to come into this deal now -
USSIF is a Silver bargain -

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77832569
God Bless

Ps.


stay out of 666-banksters etf's will be
the 1st to be confiscated by the 666 pawns -