Americas Silver Corp fka USAPF

[retiredyoung99]

At first blush, I believe that it is an excellent combination for both companies. This explains the delay in hiring a CEO for USSIF as well as the stopping of the stock buyback program.

Should this be approved by the shareholders, each share of USSIF will become .67 shares in the new company. Apparently RX has a whole lot of concentrate that they could not process because they had no money for the smelter. USSIF's cash position will facilitate that. This gives us an exposure to gold production as well.

Sprott is the largest shareholder in both companies.

So far, I think this is a great development for USSIF shareholders!