USCorp a Junior Gold Exploration Company Signs Letter of Intent With Chinese Conglomerate
September 09 2010 - 8:30AM
Business Wire
USCorp (OTCBB: USCS) has signed a non-binding Letter of Intent
(LOI) with a multinational Chinese agricultural conglomerate with
over USD$700 million in annual revenues. The next step is to
complete a definitive agreement spelling out terms and conditions
including major financing for USCorp.
As reported in the Company’s last press release, management is
engaged in discussions with other individuals and entities.
“We believe USCorp has shown itself to be a survivor in an era
of economic difficulties that have left many investors whose
investments in ‘safe’ or ‘conservative’ companies left them holding
the bag, in some cases an empty bag. And in an era of disappearing
juniors, forced out of business by the effects of the economy,
USCorp is still around, kept alive by the efforts of our management
team, working hard and spending frugally, as well as the efforts of
our loyal shareholders and investors. USCorp has done what it said
it would do, limited only by finances available to fulfill our
business plan,” stated Robert Dultz, CEO of USCorp.
More information on USCorp can be found at the company’s
website: http://uscoprnv.com.
About USCorp
USCorp has two mineral exploration projects in the United
States: the gold and silver Twin Peaks project located in Yavapai
County, Arizona, and the gold Picacho Salton project located in
Imperial County, California.
About Measurements
Technical Reports and Feasibility Studies on our projects are
presented in accordance with Canadian and internationally
recognized standards. The terms "Mineral Resource," "Measured
Mineral Resource," "Indicated Mineral Resource" and "Inferred
Mineral Resource" are Canadian mining terms and are not defined
terms under standards of the United States Securities and Exchange
Commission (SEC). Under SEC standards, mineralization may not be
classified as a "reserve" unless the determination has been made
that the mineralization could be economically produced and
permitted in order to be legally produced or extracted at the time
the reserve calculation is made. USCorp cautions readers not to
assume that all or any part of Measured, Indicated or Inferred
Resources will ever be converted into Mineral Reserves as defined
by the SEC.
Forward-Looking Statements
Statements contained in this release that are not historical
facts are forward-looking and involve risks and uncertainties. See
“Risk Factors” in the company’s filings with the U.S. Securities
and Exchange Commission. The actual results that the company
achieves may differ materially from any material forward-looking
statements due to such risks and uncertainties. The company
undertakes no obligation to revise or update publicly any
forward-looking statements for any reason.
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