US Silver to Merge with RX Gold & Silver

Hecla Mining Co. (NYSE:HL) announced that it has terminated its offer for US Silver Corp. (TSX:USA) because US Silver shareholders voted to merge with RX Gold & Silver Inc. (TSXV:RXE).

As quoted in the press release:

As previously disclosed, the Hecla Offer was conditional upon the proposed RX transaction not proceeding or such transaction otherwise terminating. All U.S. Silver common shares and common share purchase warrants previously tendered and not withdrawn under the Hecla Offer will be returned promptly in accordance with the terms of the tender offer.

Click here to read the full Hecla Mining Co. (NYSE:HL) press release.