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Re: NYBob post# 112

Thursday, 07/10/2014 12:21:48 PM

Thursday, July 10, 2014 12:21:48 PM

Post# of 130
For what it's worth; I contacted the court-appointed receiver (Duff&Phelps in Canada) & was advised that the proceedings have been completed. The outcome was that the mining assets were foreclosed upon by the secured creditor. There are no assets remaining in the USC entity.

whoever wants to read up, can find the details here:

http://www.duffandphelps.com/intl/en-ca/Pages/RestructuringCases.aspx?caseId=933

Hale Capital Partners (the secured creditor) acquired all the assets & now owns the Crescent Mine through its subsidiary 'Crescent Silver LLC':

http://www.marketwatch.com/story/hale-capital-partners-announces-acquisition-of-substantially-all-of-the-assets-of-united-mine-services-inc-2014-04-22

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