Hecla Mining (HL) Terminates Offer for U.S. Silver on RX Transaction Results
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Hecla Mining Company (NYSE :HL) announced today that, following an announcement earlier today by U.S. Silver Corporation (OTCBB: USSIF) that a sufficient number of its common shareholders have voted to approve a transaction with RX Gold & Silver, Hecla has terminated its offers to acquire all of the outstanding common shares and common share purchase warrants of U.S. Silver.
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 All U.S. Silver common shares and common share purchase warrants previously tendered and not withdrawn under the Hecla Offer will be returned promptly in accordance with the terms of the tender offer.
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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 All U.S. Silver common shares and common share purchase warrants previously tendered and not withdrawn under the Hecla Offer will be returned promptly in accordance with the terms of the tender offer.
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