Wednesday, February 1, 2012

U.S. Silver Announces 2012 Production Forecast, Coeur Mine Re-development Start and 2012 Exploration Program

Source: 

U.S. Silver Corporation (TSX:USA, OTCQX:USSIF, Frankfurt:QE2) (“U.S. Silver” or the “Company”) announces that the Board of Directors has approved the 2012 budget and operating plan.
Specifically, the Company announces that it forecasts 2012 production to be approximately 2.4 million ounces of silver with by-product production of lead to be approximately 6.5 million pounds and copper to be approximately 1.2 million pounds.

U.S. Silver is now proceeding with development work to support the re-opening of the Coeur Mine, located adjacent and connected underground to the Company’s operating Galena Mine, located in the prolific Silver Valley near Wallace, Idaho. First production from the Coeur Mine is targeted for the end of this year. Capital spending associated with this program in 2012 will total approximately $5 million. Total silver resources identified to date are approximately 6 million ounces of silver. Drilling in 2011 further defined the resource, allowing for the definition of optimal development and mine plans. It is expected that resources in the Coeur mine area will produce at the rate of up to 500,000 ounces per year once full production rates are achieved toward the end of 2013.

In addition, the Company has planned for approximately 100,000 feet of exploration drilling in 2012, compared to 77,000 feet in 2011 and 47,000 feet in 2010. This will be a combination of underground drilling and the continuation of U.S. Silver’s surface program that began in 2011. The Company will provide exploration results to the market as soon as they become available throughout the year.
 
Qualified Person
Information of a technical nature in this press release has been prepared and reviewed by Mr. Jeffrey A Moe, Interim Chief Geologist for U. S. Silver, who supervised the drilling and sampling programs. Mr. Moe is a “Qualified Person” within the meaning of National Instrument 43-101 of the Canadian Securities Administrators.

All silver assay results reported in this new release were analyzed using standard assay techniques by American Analytical Services located in Osburn, Idaho. Check assays are conducted by ACT Labs, located in Ontario, Canada. All samples are obtained and assays are reported under a formal quality assurance program.
 
ABOUT U.S. SILVER CORPORATION
U.S. Silver, through its wholly owned subsidiaries, owns and/or operates the Galena, Coeur, Caladay and Dayrock silver-lead-copper mines in Shoshone County, Idaho, with the Galena mine being the second most prolific silver mine in US history. Total silver production from U.S. Silver's mining complex has exceeded 217 million ounces of silver production since 1953. U.S. Silver controls a land package now totaling approximately 14,000 acres in the heart of the Coeur d'Alene Mining District. U.S. Silver is focused on expanding the production from existing operations as well as exploring and developing its extensive Silver Valley holdings in the Coeur d'Alene Mining District.

U.S. Silver Announces Effective Date of Consolidation as January 30, 2012

Source: 


U.S. Silver Corporation (TSX:USA, OTCQX:USSIF, Frankfurt:QE2) (“U.S. Silver” or the “Corporation”) announces that, further to its press release of January 23, 2012, the Corporation has filed articles of amendment to give effect to the consolidation of the Corporation’s common shares (“Common Shares”) on a basis of five (5) pre-consolidation Common Shares for each one (1) post-consolidation Common Share (the “Consolidation”). The Corporation’s post-consolidation Common Shares will be posted for trading at the opening of Monday January 30, 2011 under the new CUSIP number 90343P507.

The approximately 309 million pre-Consolidation Common Shares outstanding prior to Consolidation will be reduced to approximately 62 million post-Consolidation Common Shares. No fractional Common Shares will be issued in connection with the Consolidation. In the event that the Consolidation would otherwise result in the issuance of a fractional Common Share, such fraction of a Common Share will be rounded down to the nearest whole number.

The Corporation’s listed warrants to purchase Common Shares (“Warrants”) will continue to be traded on the TSX under the symbol “USA.WT” following the Consolidation. There are currently approximately 10.77 million Warrants issued and outstanding. Following the Consolidation, each five (5) Warrants will entitle its holder to purchase one post-consolidation Common Share at an aggregate exercise price of $0.775 per post-consolidation Common Share at any time until July 16, 2014. If all outstanding Warrants are exercised, an aggregate of approximately 2.15 million post-consolidation Common Shares will be issued. In accordance with the terms of the Warrant indenture, notice of the Consolidation has been sent to all holders of Warrants.

The Corporation anticipates mailing letters of transmittal to registered holders of Common Shares on or around January 26, 2012, requesting that they forward their pre-consolidation Common Share certificates to Valiant Trust Company in Toronto in exchange for new Common Share certificates representing the number of Common Shares on a post-consolidation basis.
 
ABOUT U.S. SILVER CORPORATION
U.S. Silver, through its wholly owned subsidiaries, owns and/or operates the Galena, Coeur, Caladay and Dayrock silver-lead-copper mines in Shoshone County, Idaho, with the Galena mine being the second most prolific silver mine in US history. Total silver production from U.S. Silver's mining complex has exceeded 217 million ounces of silver production since 1953. U.S. Silver controls a land package now totaling approximately 14,000 acres in the heart of the Coeur d'Alene Mining District. U.S. Silver is focused on expanding the production from existing operations as well as exploring and developing its extensive Silver Valley holdings in the Coeur d'Alene Mining District.

U.S. Silver Announces Management Changes and Personnel Additions

Source: 


U.S. Silver Corporation (TSX:USA, OTCQX:USSIF, Frankfurt:QE2) (“U.S. Silver” or the “Corporation”) announces the retirement of Tom Parker, the Corporation’s CEO effective January 31, 2012. “On behalf of the Board and shareholders, I would like to extend sincere appreciation for the leadership that Tom has provided. He joined the Corporation at a critical time in its evolution and led the Corporation in its growth to a well managed mine with stable production and leaves with U.S. Silver in a very strong position,” remarked Gordon Pridham. Mr. Parker will remain on the Board of Directors until the Corporation’s annual shareholders’ meeting anticipated to be held in June 2012 and will also be available to the Corporation on a consulting basis. A CEO search process has begun. Gordon Pridham, Executive Chairman will act as interim CEO until a permanent replacement is named and Steve Long remains responsible for the day-to-day mining operations in Idaho as U.S. Silver’s Chief Operating Officer.

The Corporation also wishes to announce that it is aggressively pursing its strategic goal of growing a high quality work force of experienced miners. Currently, U.S. Silver is working cooperatively with Hecla Mining Corporation to employ key people following their announced suspension of mining operations at its Lucky Friday mine located near U.S. Silver’s operations in the Silver Valley. U.S. Silver has to date hired 13 workers and continues to evaluate potential hires. It is expected that this manpower increase will lead to higher levels of production, mine development and exploration activity.

ABOUT U.S. SILVER CORPORATION
U.S. Silver, through its wholly owned subsidiaries, owns and/or operates the Galena, Coeur, Caladay and Dayrock silver-lead-copper mines in Shoshone County, Idaho, with the Galena mine being the second most prolific silver mine in US history. Total silver production from U.S. Silver's mining complex has exceeded 217 million ounces of silver production since 1953. U.S. Silver controls a land package now totaling approximately 14,000 acres in the heart of the Coeur d'Alene Mining District. U.S. Silver is focused on expanding the production from existing operations as well as exploring and developing its extensive Silver Valley holdings in the Coeur d'Alene Mining District.

U.S. Silver Update on U.S. Stock Exchange Listing Application and Share Consolidation

Source: 


U.S. Silver Corporation (TSX:USA, OTCQX:USSIF, Frankfurt:QE2) (“U.S. Silver” or the “Corporation”) announces that it has received clearance from NYSE Regulation on behalf of NYSE AMEX LLC to file an Original Listing Application to list the Corporation’s common shares (“Common Shares”) on NYSE Amex. While receipt of clearance to file an Original Listing Application indicates satisfaction of certain threshold listing requirements, the Corporation will be required to satisfy a number of additional conditions and confirmations prior to being authorized to list on NYSE Amex. Such matters include, but are not limited to, share distribution and satisfaction of minimum trading price requirements, corporate governance compliance and the filing of a Form 40-F registering the Common Shares to be listed on NYSE Amex. While management believes the Corporation can meet such requirements, there can be no guarantee that the Corporation will meet each such condition and confirmation. 

In connection with such Original Listing Application and satisfaction of minimum trading price requirements, the Corporation also announces that the Toronto Stock Exchange (the “TSX”) has accepted notice from the Corporation of a proposed share consolidation where the issued and outstanding Common Shares will be consolidated on the basis of five (5) pre-consolidation Common Shares for each one (1) post-consolidation Common Share (the “Consolidation”). The Consolidation was previously approved by the shareholders of the Corporation at the Annual and Special Meeting of the Corporation held on June 23, 2011.

The Consolidation will result in the approximately 309 million pre-consolidation Common Shares currently issued and outstanding being reduced to approximately 62 million post-consolidation Common Shares. No fractional Common Shares will be issued in connection with the Consolidation. In the event that the Consolidation would otherwise result in the issuance of a fractional Common Share, such fraction of a Common Share will be rounded down to the nearest whole number.
The Common Shares will continue to be traded on the TSX under the symbol “USA” on a post-consolidation basis, under new CUSIP number 90343P507. The Consolidation remains subject to all necessary regulatory requirements, including required filings with the TSX.
The Corporation’s listed warrants to purchase Common Shares (“Warrants”) will continue to be traded on the TSX under the symbol “USA.WT” following the Consolidation. There are currently approximately 10.77 million Warrants issued and outstanding. Following the Consolidation, each five (5) Warrants will entitle its holder to purchase one post-consolidation Common Share at an aggregate exercise price of $0.775 per post-consolidation Common Share at any time until July 16, 2014. If all outstanding Warrants are exercised, an aggregate of approximately 2.15 million post-consolidation Common Shares will be issued. In accordance with the terms of the Warrant indenture, notice of the Consolidation has been sent to all holders of Warrants.

The Corporation anticipates mailing letters of transmittal to registered holders of Common Shares on or around January 26, 2012, requesting that they forward their pre-consolidation Common Share certificates to Valiant Trust Company in Toronto in exchange for new Common Share certificates representing the number of Common Shares on a post-consolidation basis. It is anticipated that the Common Shares will commence trading on a consolidated basis on the TSX when the market opens on or around January 30, 2012.


ABOUT U.S. SILVER CORPORATION
U.S. Silver, through its wholly owned subsidiaries, owns and/or operates the Galena, Coeur, Caladay and Dayrock silver-lead-copper mines in Shoshone County, Idaho, with the Galena mine being the second most prolific silver mine in US history. Total silver production from U.S. Silver's mining complex has exceeded 217 million ounces of silver production since 1953. U.S. Silver controls a land package now totaling approximately 14,000 acres in the heart of the Coeur d'Alene Mining District. U.S. Silver is focused on expanding the production from existing operations as well as exploring and developing its extensive Silver Valley holdings in the Coeur d'Alene Mining District.

Thursday, November 3, 2011

SIBLING UPDATES CORPORATE INFORMATION



NEWCO4EDUCATION TO COMMENCE OPERATIONS

Sibling Entertainment Group Holdings, Inc. (OTCQB:  SIBE) ("the Company"), today announced that it has completed its audits for FY2009 and FY2010, and that the Company's Form 10k for each period has been filed on the SEC Edgar web site (www.sec.gov), as well as the interim reports on Form 10Q through September 30, 2011. As such, the Company believes it is now fully reporting and compliant with its responsibilities as a reporting company.

It also announced that it intends to change the name of the public company to Sibling Group Holdings, Inc., signaling a completed transition from its previous business in the entertainment area, and will now focus, as previously disclosed, on educational technologies and management. It currently has a single operating subsidiary, NEWCO4EDUCATION, LLC, (www.newco4education.com or “NEWCO”). NEWCO is a wholly owned subsidiary of the Company, and was acquired in a December 2010 transaction. Information regarding the transaction can be found on the Company's web site, and at the SEC Edgar web site on Form 8K, filed on January 6, 2011.

“With the audit work completed, and having achieved full reporting status, we will now commence operations,” stated Gerald Sullivan, Chairman of Sibling. He continued, “We have a well-defined plan to enter the education industry with a combination of educational management operations (EMO), and through a set of technology based offerings aimed at improving education. Our team is in place and ready to move forward.”

The Company provides the following information and encourages all current and prospective investors to read the Company's filings on the SEC Edgar web site and on the NEWCO4EDUCATION web site. The Company can also be found on Facebook and LinkedIn social media sites.

Fact Data about Sibling Group Holdings, Inc., the parent of NEWCO4EDUCATION, LLC

Corporate Information:
NEWCO4EDUCATION, LLC (NEWCO) is the Operating subsidiary of Sibling Group Holdings, Inc.

The Corporation was formed under the laws of the State of Georgia in 2010. In December 2010 it was acquired by Sibling Group Holdings, Inc. (SIBE.PK, or “Sibling”) and is now a wholly owned subsidiary.


Stock Information:
Sibling is a Texas corporation.
Trading Symbol SIBE: Pink Sheets
CUSIP Number 825782 10 5
CIK Number 1099728
Primary SIC Industry 8200-11
Shares Outstanding at 9/30/11
The number of shares outstanding of each of the registrant’s classes of common stock as of September 30, 2011 was 62,826,011 shares of Common stock and 9,879,854 shares of series common stock
Number of shareholders at 9/30/11 (per Transfer Agent): 126
Warrants Outstanding at 9/30/11 4,090,000
Options Outstanding at 9/30/11 None

Transfer Agent
Interwest Transfer Company, Inc.
1981 Murray Holladay Road, Suite 100
Salt Lake City, UT 84117
P.O. Box 17136
Salt Lake City, UT 84117
Phone: (801) 272-9294
Fax: (801) 277-3147

Contact Information:
Company Contact Mr. Gerald F. Sullivan, Chairman
Corporate Office: Sibling Group Holdings, Inc.
NEWCO4EDUCATION, LLC.
2180 Satellite Blvd. Suite 400
Duluth, GA 30097-4927
Phone: (404) 551-5274

Legal Counsel
Mr. Gerald Balboni, Esq.
Krevolin & Horst, LLC
One Atlantic Center
1201 W Peachtree Street, NE
Suite 3250
Atlanta, GA 30309
Phone: 404-888-9700
Fax: 404-888-9577

Auditor/Accountant
RRBB Accountants & Advisors
265 Davidson Avenue, Suite 210
Somerset, NJ 08873-4120
Phone: 908-231-1000
Fax: 908-231-6894

Board of Directors
Gerald F. Sullivan, Chairman and Director
Steve Carlson, CEO and Director
Dr. Amy Austin, Director
Mitchell Maxwell, Director
Christian Fitzgerald, Director

Management Team
Gerald F. Sullivan, Chairman and Director
Steve Carlson, CEO
Oswald A. Gayle, CFO

About Sibling Entertainment Group Holding, Inc.
NEWCO4EDUCATION, LLC is a recently formed entity with a focus on providing services and technology aimed at increasing the performance in educational settings. It is a wholly owned subsidiary of the Sibling Group Holdings, Inc., and intends to initially operate through two (2) divisions, its Educational Management Organization (EMO) and its Technology and Services Group (TSG). The EMO intends to provide school management services, primarily within the charter school arena. The TSG division is focused on the development and deployment of software, systems and procedures to enhance the rate of learning in both primary and secondary education. For further information please visit www.newco4education.com .

Tuesday, October 18, 2011

U.S. Environmental Company is really showing "Green" dollar signs

Source: Freedom Environmental Services



Freedom Environmental Services Releases 1st Quarter 10-Q Showing a 1250% Increase in Revenue Over Q1 2010

Freedom Environmental Services showed 1250% in revenues compared to Q1 of 2010, with the acquisitions of both Brownies Wastewater Solutions and Grease Recovery in 2010. Freedom also reduced the loss for the quarter by 82% with a substantial portion of the loss created by one time stock issuance in-lieu of cash.

Michael Ciarlone, Freedom COO stated, "We are excited to finally release our 1st quarter 10-Q showing the remarkable progress we have made compared to the first quarter of last year. The acquisitions completed last year and execution of our business plan will lead to substantial growth in 2011 and full year profitability." Mr. Ciarlone went on to say, "We expect to release Q2 within two weeks and have been told by our accounting firm that Q3 will be on time and we intend to stay current with all future filings."

"While the economic climate is challenging for many businesses today, we expect to have a record year of both revenue growth and profitability," stated Mr. Ciarlone, "and we look for an even better year in 2012 with increased profitability. We firmly believe our business is recession proof because the services we provide to major companies are required regardless of the economic environment."

Mr. Ciarlone added, "We would also like to take the opportunity to thank our shareholders for their patience with the delayed release of the first and second quarter 10-Q's. Our accountants had a tremendous amount of clean-up work to do in relation to the companies acquired and we wanted to make sure everything was done correctly and we were in full compliance with the many new government regulations now required."

About Freedom Environmental Service
Freedom Environmental Services (FES) is one of Florida's only 100% "Green" grease and waste-water collection, processing, and recycling companies headquartered in Orlando, Florida. FES provides the most comprehensive, cost-effective and reliable treatment systems and services. FES provides full capture and processing of organics and grease from both commercial and residential accounts. FES processes all waste-water and grease, normally sent to a dump site, and produces a reusable bio-fuel feedstock. Working in conjunction with the Department of Environmental Protection, major utility providers, and local health departments, FES provides Waste-water and Storm-water System Management, Grease and Organics Collection, Processing, and Disposition, Commercial Plumbing and Water System Management, Septic service and maintenance, lift station maintenance, line jetting and excavations.

 www.freedomwaterservices.com

Tuesday, September 27, 2011

Meadow Bay Gold Closes $2.5 Million Private Placement Financing

Press Release Source: Meadow Bay Gold Corporation



Meadow Bay Gold Corporation ("Meadow Bay Gold") (TSXV: MAY) (OTCQX:MAYGF) has closed a non-brokered private placement financing of $2.5 million consisting of the issuance of 2.5 million common shares priced at $1.00.  There are no warrants attached to the common shares.  Compensation was paid to certain finders.  The financing is subject to TSXV approval and the shares will bear the four-month standard hold period.

The funds generated will be used to continue advancement of the Meadow Bay Gold's former producing Atlanta Mine in Nevada including ongoing exploration and development activities.

 www.meadowbaygold.com