United Silver Corp. Announces Appointments to Board of Directors
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/15/11 -- United Silver Corp. (the "Company" or "USC") (TSX: USC)(OTCQX: USCZF)(PINK SHEETS: USCZF)(FRANKFURT: UM8) announces that the board of directors voted to expand the number of board seats from six to eight. Joining the board, effective immediately, are Stan Bharti, Founder and Executive Chairman of Forbes & Manhattan Inc. ("Forbes"), a Toronto-based, resource focused merchant bank and Peter Tagliamonte, President and CEO of Sulliden Gold Corp.
Internationally educated as a professional mining engineer, Mr. Bharti has over 30 years of experience in operations, public markets and finance. He has been instrumental in acquiring, restructuring and financing numerous mining assets worldwide generating billions in market capitalization. Mr. Bharti is bottom line driven with an enormous capacity to manage multiple complex transactions. Mr. Bharti is a director of several public and private companies.
Mr. Tagliamonte is currently President and CEO of Sulliden Gold, a Canadian-based gold exploration and development company with assets in Peru and Canada. Previously he served as President and CEO of Central Sun Mining and COO of Desert Sun Mining. He has over 25 years of experience building and operating mines worldwide. Mr. Tagliamonte, who holds several board positions, is a professional mining engineer and earned an MBA from the Richard Ivey School of Business at the University of Western Ontario.
Graham Clark, Chairman and Interim-CEO of United Silver said, "On behalf of the Board of Directors, I would like to welcome Stan Bharti and Peter Tagliamonte to United Silver. They share our view of the Crescent Silver Project and its tremendous exploration potential. We welcome their expertise as we continue to further define the parameters of this world-class asset in a historic mining district."
ABOUT UNITED SILVER CORP.
United Silver Corp. is a vertically integrated mining company with operations in Idaho, USA. The Company has earned, through development and operations, an 80% interest in the Crescent Silver Mine project in Idaho's prolific Silver Belt - directly between two of the world's historically largest silver producing properties, the Sunshine and Bunker Hill mines. The Crescent Mine has historically produced 25 million ounces of silver at an average grade of 27.3 opt (SRK Consulting 43-101 report, March 1, 2010. The Company believes this historical data to be reliable and relevant). The Company also offers a full suite of mining services including contract mining and mine machine repair and fabrication services to silver miners in the district. USC is committed to building a senior silver-producing mining company based on exploration and development of the highly-prospective current land position at the Crescent Silver Mine project and through the acquisition of additional precious metals interests. The Company trades on the Toronto Stock Exchange under the symbol "USC". For more information about the Company, please
ON BEHALF OF UNITED SILVER CORP.
Graham Clark, Chairman and Interim-CEO
FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. Forward looking statements in this press release include that the proceeds of the private placement will be used for exploration, development, working capital and general corporate purposes. The Company's actual results and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: results of exploration activities and development of mineral properties, estimation of mineral reserves and resources, fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the inability to obtain financing, the inability to obtain any necessary permits or other required regulatory approvals for the company's mineral projects as and when needed; the inability to agree with joint venture or other key partners on important items, labour shortages, the inability to keep key employees, currency fluctuations, general market and industry conditions and other risks disclosed in the Company's filings with Canadian Securities Regulators.
Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
Contacts:
Forbes & Manhattan
Michelle Roth
(416) 861-5940
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Datum: 15.08.2011 - 16:10 Uhr
Sprache: Deutsch
News-ID 1030776
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