United Silver Corp. Announces Appointments to Board of Directors
16 August 2011 - 8:10AM
Marketwired
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 www.unitedsilvercorp.com
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
www.unitedsilvercorp.com
(USOTC:USCZF)
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