NEW YORK, Aug. 29, 2012 /PRNewswire/ -- OTC
Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and
Connected financial marketplaces, today announced that U.S. Silver
& Gold Inc. (OTCQX: USGIF; TSX: USA), a growth-oriented precious metals
producer, is now trading on the highest OTC marketplace,
OTCQX®, following the combination transaction between
two former OTCQX companies - U.S. Silver Corporation and RX Gold
& Silver Inc. - that closed on August
13, 2012.
(Logo: http://photos.prnewswire.com/prnh/20110118/MM31963LOGO
)
U.S. Silver & Gold began trading today on the OTC market's
prestigious tier, OTCQX International. Investors can find
current financial disclosures and Real-Time Level 2 quotes for the
Company on www.otcmarkets.com.
"The OTCQX platform offers investor-focused companies a winning
combination of quality control, transparency, and broader
visibility to U.S. investors," said R.
Cromwell Coulson, President and Chief Executive Officer of
OTC Markets Group. "We are pleased to welcome U.S. Silver &
Gold to OTCQX."
Dorsey & Whitney LLP will serve as U.S. Silver & Gold's
Principal American Liaison ("PAL") on OTCQX, responsible for
providing guidance on OTCQX requirements and U.S. securities
laws.
About U.S. Silver & Gold Inc.
U.S. Silver & Gold Inc. (OTCQX: USGIF; TSX:
USA) trades in the United States on OTCQX under the symbol
"USGIF". U.S. Silver & Gold is a new silver and gold mining
company focused on growth from existing and new assets. U.S. Silver
& Gold owns and operates the Galena Mine Complex in the heart
of the Silver Valley/Coeur d'Alene Mining District, Shoshone County, Idaho and the Drumlummon Mine
Complex in Lewis and Clark County, Montana. Within the Galena
Mine Complex, the Galena mine produces high grade silver and is the
second most prolific silver mine in U.S. history, delivering over
200 million ounces to date, the Coeur mine is under re-development
with production expected in late 2012 and the Caladay lead/silver
zone is being evaluated for bulk mining development. U.S.
Silver & Gold also controls 14,000 acres of exploration land in
the prolific Silver Valley that has had very little exploration
focus until recently. The Drumlummon mine currently produces
high grade gold and silver with historical production of 1 million
ounces of gold and 12 million ounces of silver and has never been
fully exploited or explored. U.S. Silver & Gold is
concentrating on unlocking value at its producing asset base.
U.S. Silver & Gold is also focused on brownfield expansion and
the execution of targeted accretive acquisitions.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open,
Transparent and Connected financial marketplaces for investors to
easily trade almost 10,000 equity and debt securities through the
broker of their choice. Our OTC Link® ATS directly links
a diverse network of broker-dealers that provide liquidity and
execution services for a wide spectrum of securities. We organize
these securities into tiered marketplaces to inform investors of
opportunities and risks - OTCQX® - The Intelligent
Marketplace for the Best OTC Companies; OTCQB® - The
Venture Marketplace; and OTC Pink® - The Open
Marketplace. Our data-driven platform enables efficient trading
through any broker at the best possible price and empowers a broad
range of companies to improve the quality and availability of
information for their investors. To learn more about how we create
smarter financial marketplaces, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and
SEC registered ATS.
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SOURCE OTC Markets Group Inc.