U.S. Silver Announces Stock Option Grants
U.S. Silver Corporation (TSX-V: USA, US OTCQX: USSIF, Frankfurt: QE2)
('US Silver? or the 'Company?) announces that
non-Executive Directors of the Company have been granted a total of
2,250,000 share purchase options. Each non-Executive Director will
receive, pursuant to the stock option plan (the 'Plan?), options
to purchase common shares of U.S. Silver. The options are priced at
$0.53 per share and expire five years from the date of issue. Such
options are subject to the terms and conditions of the Plan, certain
vesting provisions, and the policies of the TSX Venture Exchange (the 'Exchange?).
In addition, the Company granted Tom Parker, the Company's President and
CEO options to purchase up to 750,000 common shares of U.S. Silver and
Christopher Hopkins, CFO options to purchase up to 450,000 common shares
of U.S. Silver pursuant to the Plan. The options are priced at $0.53 per
share and expire 5 years from the date of issue. Such options are
subject to the terms and conditions of the Plan, certain vesting
provisions, and the policies of the Exchange.
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 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 totaling
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.
Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Certain information in this press release may contain
forward-looking statements. This information is based on current
expectations that are subject to significant risks and uncertainties
that are difficult to predict. Actual results might differ materially
from results suggested in any forward-looking statements. The Company
assumes no obligation to update the forward-looking statements, or to
update the reasons why actual results could differ from those reflected
in the forward looking-statements unless and until required by
securities laws applicable to the Company. Additional information
identifying risks and uncertainties is contained in filings by the
Company with the Canadian securities regulators, which filings are
available at www.sedar.com.
U.S. Silver Corporation
Tom Parker, CEO
(208) 752-0400
or
Chris
Hopkins, CFO
(416) 907-9539
or
TMX Equicom
Patrick
Piette
(416) 815-0700 x267