Silver America, Inc. (OTCBB: SILA) reported that the company has entered a 2-year, $7.5 million equity financing agreement with ZUG Financing Group S.A., a European institutional investment group that specializes in backing precious metals and mining ventures.

The press release is quoted as saying:

Silver America, Inc. is a publicly traded (OTCBB: SILA) precious metals exploration company focused on the aggressive, ongoing acquisition and exploration of holdings with rich silver and gold production potential.

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