United Silver Corp (USCZF) 0.0021 $USCZF
Hale Capital Partners announces acquisition of substantially all of the assets of United Mine Services, Inc.
CNW Group - Tue Apr 22, 5:15PM CDT
On March 4, 2014, Hale Capital Partners ("HCP"
, through its subsidiary Crescent Silver, LLC, completed the acquisition of substantially all of the assets of United Mine Services, Inc. as part of a consensual foreclosure process (the "Foreclosure". United Mine Services was a guarantor on a loan provided by HCP to United Silver Corp. (the "Company", the parent of United Mine Services. As part of the Foreclosure, the aggregate principal amount outstanding under the loan was reduced by US$7,500,000 (being the US Dollar equivalent of CDN$8,335,500, based on the Bank of Canada noon rate on March 4, 2014) to an aggregate principal amount outstanding of US$2,001,643 (being the US Dollar equivalent of CDN$2,224,626, based on the Bank of Canada noon rate on March 4, 2014) (the "Remaining Principal Amount". The loan was evidenced by a securities purchase agreement entered into among HCP, as agent and initial purchaser, and the Company and a convertible note granted by the Company to HCP (together, the "2012 Transaction Documents".
IIROC Trade Halt - United Silver Corp.
Newsfile Corp - Fri Jan 10, 7:25AM CST
The following issues have been halted by IIROC:
United Silver Corp. Announces the Court-Appointment of a Receiver
Marketwire - Thu Jan 09, 10:45PM CST
United Silver Corp. (TSX: USC)(OTCQX: USCZF)(FRANKFURT: UM8) (the "Company" or "USC" announces that pursuant to an order of the Ontario Superior Court of Justice (Commercial List) dated January 9, 2014, Duff & Phelps Canada Restructuring Inc. was appointed as receiver and manager ("Receiver" of the property, assets and undertaking of USC and the Receiver has been advised that the directors of USC have resigned. The Receiver was appointed pursuant to an application brought by USC's secured creditor, HUSC, LLC ("HUSC".
United Silver Announces Appointment of Receiver
Marketwire - Thu Jan 09, 7:31PM CST
United Silver Corp. (TSX: USC)(OTCQX: USCZF)(FRANKFURT: UM8) ("United Silver Corp", the "Company" or "USC" announced today that Duff & Phelps Canada Restructuring Inc. have been appointed as receivers of the assets and undertaking of the Company, effective immediately. The receivers were appointed in an order by Ontario, Canada Superior Court as a result of a court application of HUSC, LLC.
United Silver Corp.: Secured Creditor Requires Full Payment
Business Wire - Wed Sep 11, 5:11PM CDT
United Silver Corp. ("United Silver Corp.", the "Company", or "USC": TSX; USC: OTC; USCZF: Frankfurt: UM8) announces that further to its press release dated August 1, 2013, HUSC, LLC, the Company's secured lender, has commenced legal action in New York to collect on its secured loan and to take over management of the Crescent Mine joint venture operations. The Company disputes that an event of default has occurred, states that the legal action is not justified, and intends to defend the action vigorously. The Company has until early October, 2013, to file a reply.
United Silver Corp. Sets Date of Annual Shareholders' Meeting
Business Wire - Thu Sep 05, 6:45AM CDT
United Silver Corp. ("United Silver Corp.", the "Company", or "USC": TSX; USC: OTC; USCZF: Frankfurt: UM8) announces that it has now set the date of its annual shareholders' meeting for Friday, November 1, 2013. The record date for determination of shareholders entitled to vote at the meeting has been set at September 24th, 2013.
United Silver Corp. Announces Changes to Board of Directors and Management
Business Wire - Mon Aug 19, 7:24AM CDT
United Silver Corp. ("United Silver Corp.", the "Company", or "USC": TSX; USC: OTC; USCZF: Frankfurt: UM8) is pleased to announce that, effective August 16th, 2013, Herrick Lau and Ringo Hui have been appointed to the Board of Directors.
United Silver Corp. Announces Secured Creditor Requires Full Payment
Filing Services Canada - Thu Aug 01, 7:32AM CDT
United Silver Corp.,("United Silver Corp.", the "Company", or "USC": TSX; USC: OTC; USCZF: Frankfurt: UM8) announces that HUSC, LLC, the Company's secured lender, has sent to the Company a notice of default on its secured loan and demanded repayment in full by August 12, 2013. The Company disputes that an event of default has occurred, and the matter may result in litigation.
United Silver Corp. Releases Positive Preliminary Economic Assessment and Reports Updated Estimated Resources
Business Wire - Mon Jul 29, 7:50AM CDT
United Silver Corp.:
United Silver Announces Director Resignations
Business Wire - Fri Jul 19, 8:00AM CDT
United Silver Corp. ("United Silver Corp.", the "Company" or "USC"(TSX: USC)(OTCQX: USCZF)(FRANKFURT: UM8) announces that Martin Hale and Kenneth Brunk have resigned from the Company's board of directors effective as of July 16, 2013 and July 18, 2013, respectively. We thank them for their service to the Company since their appointment.
United Mine Services Secures Contract with Idaho Department of Environmental Quality
Business Wire - Wed May 22, 6:45AM CDT
United Silver Corp. ("United Silver Corp.", the "Company", or "USC": TSX; USC: OTC; USCZF: Frankfurt: UM8) is pleased to announce that its subsidiary, United Mine Services, Inc. (UMS) dba Stewart Contracting has secured a contract to provide ongoing environmental remediation services for the Idaho Department of Environmental Quality (DEQ) in the Coeur d'Alene Basin in Northern Idaho. The contract is for one base year and three one year options. Services will include providing labor, materials, and equipment to remove and replace contaminated soil and gravel with clean materials, restore site vegetation, and perform associated site work. Anticipated contract volume for the 2013 construction season will be approximately 1.5 million square feet which is a 7% increase over last year's contract volume. The invoice total for UMS 2012 remediation work was $4.3 million.
Hale Capital Partners announces acquisition of substantially all of the assets of United Mine Services, Inc.
CNW Group - Tue Apr 22, 5:15PM CDT
On March 4, 2014, Hale Capital Partners ("HCP"
, through its subsidiary Crescent Silver, LLC, completed the acquisition of substantially all of the assets of United Mine Services, Inc. as part of a consensual foreclosure process (the "Foreclosure". United Mine Services was a guarantor on a loan provided by HCP to United Silver Corp. (the "Company", the parent of United Mine Services. As part of the Foreclosure, the aggregate principal amount outstanding under the loan was reduced by US$7,500,000 (being the US Dollar equivalent of CDN$8,335,500, based on the Bank of Canada noon rate on March 4, 2014) to an aggregate principal amount outstanding of US$2,001,643 (being the US Dollar equivalent of CDN$2,224,626, based on the Bank of Canada noon rate on March 4, 2014) (the "Remaining Principal Amount". The loan was evidenced by a securities purchase agreement entered into among HCP, as agent and initial purchaser, and the Company and a convertible note granted by the Company to HCP (together, the "2012 Transaction Documents". IIROC Trade Halt - United Silver Corp.
Newsfile Corp - Fri Jan 10, 7:25AM CST
The following issues have been halted by IIROC:
United Silver Corp. Announces the Court-Appointment of a Receiver
Marketwire - Thu Jan 09, 10:45PM CST
United Silver Corp. (TSX: USC)(OTCQX: USCZF)(FRANKFURT: UM8) (the "Company" or "USC"
announces that pursuant to an order of the Ontario Superior Court of Justice (Commercial List) dated January 9, 2014, Duff & Phelps Canada Restructuring Inc. was appointed as receiver and manager ("Receiver" of the property, assets and undertaking of USC and the Receiver has been advised that the directors of USC have resigned. The Receiver was appointed pursuant to an application brought by USC's secured creditor, HUSC, LLC ("HUSC". United Silver Announces Appointment of Receiver
Marketwire - Thu Jan 09, 7:31PM CST
United Silver Corp. (TSX: USC)(OTCQX: USCZF)(FRANKFURT: UM8) ("United Silver Corp", the "Company" or "USC"
announced today that Duff & Phelps Canada Restructuring Inc. have been appointed as receivers of the assets and undertaking of the Company, effective immediately. The receivers were appointed in an order by Ontario, Canada Superior Court as a result of a court application of HUSC, LLC. United Silver Corp.: Secured Creditor Requires Full Payment
Business Wire - Wed Sep 11, 5:11PM CDT
United Silver Corp. ("United Silver Corp.", the "Company", or "USC": TSX; USC: OTC; USCZF: Frankfurt: UM8) announces that further to its press release dated August 1, 2013, HUSC, LLC, the Company's secured lender, has commenced legal action in New York to collect on its secured loan and to take over management of the Crescent Mine joint venture operations. The Company disputes that an event of default has occurred, states that the legal action is not justified, and intends to defend the action vigorously. The Company has until early October, 2013, to file a reply.
United Silver Corp. Sets Date of Annual Shareholders' Meeting
Business Wire - Thu Sep 05, 6:45AM CDT
United Silver Corp. ("United Silver Corp.", the "Company", or "USC": TSX; USC: OTC; USCZF: Frankfurt: UM8) announces that it has now set the date of its annual shareholders' meeting for Friday, November 1, 2013. The record date for determination of shareholders entitled to vote at the meeting has been set at September 24th, 2013.
United Silver Corp. Announces Changes to Board of Directors and Management
Business Wire - Mon Aug 19, 7:24AM CDT
United Silver Corp. ("United Silver Corp.", the "Company", or "USC": TSX; USC: OTC; USCZF: Frankfurt: UM8) is pleased to announce that, effective August 16th, 2013, Herrick Lau and Ringo Hui have been appointed to the Board of Directors.
United Silver Corp. Announces Secured Creditor Requires Full Payment
Filing Services Canada - Thu Aug 01, 7:32AM CDT
United Silver Corp.,("United Silver Corp.", the "Company", or "USC": TSX; USC: OTC; USCZF: Frankfurt: UM8) announces that HUSC, LLC, the Company's secured lender, has sent to the Company a notice of default on its secured loan and demanded repayment in full by August 12, 2013. The Company disputes that an event of default has occurred, and the matter may result in litigation.
United Silver Corp. Releases Positive Preliminary Economic Assessment and Reports Updated Estimated Resources
Business Wire - Mon Jul 29, 7:50AM CDT
United Silver Corp.:
United Silver Announces Director Resignations
Business Wire - Fri Jul 19, 8:00AM CDT
United Silver Corp. ("United Silver Corp.", the "Company" or "USC"
(TSX: USC)(OTCQX: USCZF)(FRANKFURT: UM8) announces that Martin Hale and Kenneth Brunk have resigned from the Company's board of directors effective as of July 16, 2013 and July 18, 2013, respectively. We thank them for their service to the Company since their appointment. United Mine Services Secures Contract with Idaho Department of Environmental Quality
Business Wire - Wed May 22, 6:45AM CDT
United Silver Corp. ("United Silver Corp.", the "Company", or "USC": TSX; USC: OTC; USCZF: Frankfurt: UM8) is pleased to announce that its subsidiary, United Mine Services, Inc. (UMS) dba Stewart Contracting has secured a contract to provide ongoing environmental remediation services for the Idaho Department of Environmental Quality (DEQ) in the Coeur d'Alene Basin in Northern Idaho. The contract is for one base year and three one year options. Services will include providing labor, materials, and equipment to remove and replace contaminated soil and gravel with clean materials, restore site vegetation, and perform associated site work. Anticipated contract volume for the 2013 construction season will be approximately 1.5 million square feet which is a 7% increase over last year's contract volume. The invoice total for UMS 2012 remediation work was $4.3 million.
