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Message: Sale of Silvertip Project Closes

Sale of Silvertip Project Closes

posted on Mar 01, 2010 11:54AM

silvertip is a done deal:

Silver Standard Resources Inc. (TSX:SSO - News)(NASDAQ:SSRI - News) is pleased to report that the sale of the Silvertip Project to Silvercorp Metals Inc. ("Silvercorp") closed on February 26, 2010.

Silver Standard was issued 1.2 million common shares of Silvercorp at a deemed price of $6.25 per common share, and received a cash payment of CDN$7.5 million, for total consideration of CDN$15 million for the sale of the Silvertip Project.

http://finance.yahoo.com/news/Silver-Standard-Resources-Inc-iw-749252761.html?x=0&.v=1

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