NEW YORK, Aug. 29, 2012 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that U.S. Silver & Gold Inc. (OTCQX: USGIF; TSX: USA), a growth-oriented precious metals producer, is now trading on the highest OTC marketplace, OTCQX®, following the combination transaction between two former OTCQX companies - U.S. Silver Corporation and RX Gold & Silver Inc. - that closed on August 13, 2012.
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U.S. Silver & Gold began trading today on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosures and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.
"The OTCQX platform offers investor-focused companies a winning combination of quality control, transparency, and broader visibility to U.S. investors," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome U.S. Silver & Gold to OTCQX."
Dorsey & Whitney LLP will serve as U.S. Silver & Gold's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements and U.S. securities laws.
About U.S. Silver & Gold Inc.
U.S. Silver & Gold Inc. (OTCQX: USGIF; TSX: USA) trades in the United States on OTCQX under the symbol "USGIF". U.S. Silver & Gold is a new silver and gold mining company focused on growth from existing and new assets. U.S. Silver & Gold owns and operates the Galena Mine Complex in the heart of the Silver Valley/Coeur d'Alene Mining District, Shoshone County, Idaho and the Drumlummon Mine Complex in Lewis and Clark County, Montana. Within the Galena Mine Complex, the Galena mine produces high grade silver and is the second most prolific silver mine in U.S. history, delivering over 200 million ounces to date, the Coeur mine is under re-development with production expected in late 2012 and the Caladay lead/silver zone is being evaluated for bulk mining development. U.S. Silver & Gold also controls 14,000 acres of exploration land in the prolific Silver Valley that has had very little exploration focus until recently. The Drumlummon mine currently produces high grade gold and silver with historical production of 1 million ounces of gold and 12 million ounces of silver and has never been fully exploited or explored. U.S. Silver & Gold is concentrating on unlocking value at its producing asset base. U.S. Silver & Gold is also focused on brownfield expansion and the execution of targeted accretive acquisitions.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial marketplaces for investors to easily trade almost 10,000 equity and debt securities through the broker of their choice. Our OTC Link® ATS directly links a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into tiered marketplaces to inform investors of opportunities and risks - OTCQX® - The Intelligent Marketplace for the Best OTC Companies; OTCQB® - The Venture Marketplace; and OTC Pink® - The Open Marketplace. Our data-driven platform enables efficient trading through any broker at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create smarter financial marketplaces, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC registered ATS.
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SOURCE OTC Markets Group Inc.