TORONTO – The shareholders of both RS Gold & Silver and U.S. Silver approved the merger of the two companies on Aug. 7, 2012. Court approval is pending and other customary conditions must also be met.
Idaho-headquartered Hecla Silver made a hostile bid to take over U.S. Silver after the two Canadian companies announced their intent to merge. Hecla has since withdrawn its offer.
Information about the RX Gold-U.S. Silver deal is available at RXGold.com.