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U.S Silver (USA.to) and RX Gold (RXE.v): Merger time

An interesting development this evening. Here’s the link to the NR, here’s how it kicks off:

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES ./

– Conference Call Friday, June 8, 2012 at 11am EST ( 8am PST ) –


TORONTO , June 7, 2012 /CNW/ – U.S. Silver Corporation (USA.TO)
(USSIF) (“U.S. Silver”) and RX Gold & Silver Inc. (RXE.V) (RXEXF) (“RX Gold”) are pleased to announce the signing of a definitive agreement to
combine the two companies (the “Transaction“) by way of a plan of arrangement.  The resulting company, to be called
U.S. Silver & Gold Inc. (“U.S. Silver & Gold“), will be a well-funded, growth-oriented precious metals producer with
U.S. Silver’s producing Galena mine in Idaho, RX Gold’s producing
Drumlummon mine in Montana and U.S. Silver’s Coeur re-development
projects in Idaho.Continues here

Subscribers: We’ll be taking a good look at this Sunday, esp considering how we just ran the ruler over USA.to on its own.

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