Americas Gold and Silver Corporation T.USA

Alternate Symbol(s): USAS

Metals & Mining Industrial Metals & Minerals

Americas Gold and Silver Corporation is a Canada-based precious metals mining company with multiple assets in North America. The Company owns and operates the Cosala Operations in Sinaloa, Mexico, manages the 60%-owned Galena Complex in Idaho, United States, and is re-evaluating the Relief Canyon mine in Nevada, United States. The Company also owns the San Felipe development project in Sonora, Mexico. The 100%-owned Cosala Operations are located in the state of Sinaloa, Mexico and consist of about 67 mining concessions that cover approximately 19,385 hectares (ha). The 60% owned Galena Complex is located in Idaho’s Silver Valley. The Relief Canyon Mine is located in Pershing County, Nevada. The project encompasses an open pit mine and heap leach processing facility. Its landholdings cover approximately 25,000 acres, which include the Relief Canyon Mine asset and lands surrounding the mine in all directions. The San Felipe silver-zinc-lead project is located in Sonora, Mexico.

TSX:USA - Post by User

Americas Gold and Silver Corporation

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Comment by nor_easteron Aug 07, 2012 12:20pm

233 Views

Post# 20190263

RE: RE: RE: USA Voters Shoot Down Merger

Just speculating here.

Final approval still needs a judge's o.k...Hecla can come in with a new offer...Then judge forced to pospone final approval until USA Board looks at new offer.

Also: Hecla's tender offer for USA open until Aug. 31.

At this point Hecla can accumulate as many shares in the open market at prices well below $1.80...If I can take a guess they can lock up 20% of USA shares and come in offer a higher takeover price for shares they do not already own.

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