InvestorsHub Logo

Silvergoldenapple

05/16/12 11:19 AM

#13489 RE: bluebird50 #13445

Gordon Pridham Interim CEO and the Board.

The Corporation believes that from time to time the common shares of the Corporation have been trading at prices that do not fully reflect the underlying value of the Corporation. As a result, the Corporation believes that its common shares are a good investment at its current and recent prices.

“With a cash balance in excess of our planned needs, an expected continued strong silver market and management’s belief that the current stock price does not reflect the underlying company value, we feel that this is a very prudent investment for the benefit of shareholders at this time,” commented Gordon Pridham, Executive Chairman of U.S. Silver. “We intend to begin repurchasing stock subject to the terms of this Normal Course Issuer Bid at our earliest opportunity.”