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Argentina - Mexico - Nevada
A high growth, low cost mid-tier silver and gold producer in the Americas
Message: Announces Common Stock Offering
| April 29, 2009 | |
| US Gold Announces Common Stock Offering | |
|
TORONTO, ONTARIO--(Marketwire - April 29, 2009) - US GOLD CORPORATION (TSX:UXG)(NYSE Alternext US:UXG)(NYSE Amex:UXG.A) (the "Company" or "US Gold"), a U.S. and Mexico focused gold & silver exploration company, is pleased to announce that it intends to offer 20 million shares of its common stock pursuant to the Company's shelf registration statement filed with the U.S. Securities and Exchange Commission (the "SEC") and a shelf prospectus filed with certain Canadian securities regulatory authorities. Rob McEwen, the Company's Chairman and CEO, intends to purchase shares of the common stock in this offering. The Company intends to grant the underwriters a 30-day option to purchase up to 3 million additional shares of common stock to cover over-allotments, if any. US Gold intends to use the majority of the net proceeds of this offering to fund its ongoing exploration in Nevada's Cortez Trend and in Mexico, as more particularly described in the prospectus supplement filed today with the SEC and Canadian security regulatory authorities. The remaining proceeds will be used for general corporate purposes. GMP Securities L.P. and Dahlman Rose & Company, LLC are acting as joint book-runners for the offering. The offering is being made by way of a registration statement, which has been declared effective by the SEC, a base shelf prospectus and a prospectus supplement each of which has been filed with the SEC and each of the Provincial securities regulatory authorities in Canada, other than Quebec. A copy of the preliminary prospectus supplement incorporating the base shelf prospectus relating to the offering may be obtained by either contacting the underwriters, by accessing the SEC website, www.sec.gov, or by accessing the website maintained by the Canadian securities regulatory authorities, SEDAR, at www.sedar.com. In the United States from: GMP Securities L.P. Attn: New Issues Department 145 King Street West, Suite 300 Toronto, Ontario M5H 1J8 Canada Phone: 416-943-6130 Fax: 416-943-6134 Email: ECM@gmpsecurities.com Dahlman Rose & Company, LLC Attn: Prospectus Dept. 142 West 57th Street 18th Floor New York, NY 10019 Phone: 212-702-4521 Fax: 212-920-2952 Email: ECM@dahlmanrose.com In Canada from: GMP Securities L.P. Attn: New Issues Department 145 King Street West, Suite 300 Toronto, Ontario M5H 1J8 Canada Phone: 416-943-6130 Fax: 416-943-6134 Email: ECM@gmpsecurities.com |
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