09:00:15 EDT Wed 21 Oct 2026
Enter Symbol
or Name
USA
CA



United Silver Corp
Symbol USC
Shares Issued 75,163,309
Close 2012-05-25 C$ 0.205
Market Cap C$ 15,408,478
Recent Sedar+ Documents

Gold Finder to transfer 20% Crescent interest to USC

2012-05-28 17:19 ET - News Release

See News Release (C-GFN) Gold Finder Explorations Ltd

Mr. Neil Linder of Gold Finder reports

CONVERSION INTEREST IN CRESCENT MINE TO A NEW 2% NSR APPOINTMENT NEW CFO AND CORPORATE SECRETARY

Gold Finder Exporations Ltd. has entered into an agreement with United Silver Corp. (USC) pursuant to which the company has converted its 20-per-cent interest in the original Crescent silver mine project to a new net smelter return royalty in favour of the company. The new NSR provides the company with a royalty on all mineral, metals or concentrates extracted and derived from the ore mined from the original property and an additional 42 patented mining claims known as the Bunker Hill claims located adjacent to the original property. Pursuant to the agreement, the company has agreed to, in exchange for the grant of the new NSR, transfer its 20-per-cent interest in the original property to USC, make an initial payment of $200,000 to USC upon execution of the agreement and pay to USC an additional $200,000 from the first and subsequent payments due to the company under the NSR until such time as the final payment has been paid in full. The company also agreed to pay interest on the NSR purchase price or any portion thereof, outstanding from time to time, at a rate of 6 per cent per year, payable by the addition to the final payment and deducted from payments due to the company under the new NSR. Pursuant to the agreement, the parties also agreed to terminate the net smelter return royalty previously granted in favour of the company on all mineral, metals or concentrates extracted and derived from the ore mined from the original property.

Appointment of new corporate secretary

The company is also pleased to announce the appointment of Susan McIntosh as the company's new chief financial officer and corporate secretary effective May 28, 2012. Ms. McIntosh has over 20 years experience in the accounting and banking industry, having attained an MBA from the HEC Montreal, Affiliated with the Universite de Montreal, a BA, English literature, from Concordia University, Montreal, Que., and a diploma of collegial studies (DEC), science, from the prestigious Marianopolis College, Montreal, Que. Ms. McIntosh is currently the managing director of McIntosh Financial, a Montreal-based capital advisory firm and previously was managing director of CPVC Financial Corp., an investment and financial advisory firm providing finance to small- and medium-size private and public growth businesses in Canada and the United States, and a combined 12 years as manager subordinate financing, BDC, Montreal, Que., and as relationship manager, Bank of Montreal, Montreal, Que. Christopher Cooper, who is also the president and chief executive officer of Aroway Energy Inc. resigned as chief financial officer and corporate secretary of the company on May 28, 2012, to focus his professional activities on Aroway's business. The company also announces that it has granted to Ms. McIntosh and a director of the company, stock options to purchase 150,000 common shares of the company at a price equal to the closing price of the company's common shares on May 29, 2012. The options are exercisable for a period of five years and have been granted in accordance with the terms of the company's current stock option plan.

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