US Silver Asks Shareholders to Reject Hecla’s Bid

- July 30th, 2012

Reuters reported that US Silver Corp. (TSX:USA) released a statement calling the bid proposed by Hecla Mining Co. (NYSE:HL) hostile, inadequate, and highly opportunistic, and urged shareholders to vote in favor of RX Gold & Silver Inc.’s (OTC Pink:RXEXF) earlier offer.

Reuters reported that US Silver Corp. (TSX:USA) released a statement calling the bid proposed by Hecla Mining Co. (NYSE:HL) hostile, inadequate, and highly opportunistic, and urged shareholders to vote in favor of RX Gold & Silver Inc.’s (OTC Pink:RXEXF) earlier offer.

As quoted in the press release:

Hecla last week made an all-cash offer of C$110.7 million ($110.07 million) for U.S. Silver, a month after the Canadian company agreed to be bought by RX Gold.

Click here to read the full Reuters report.

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