USCorp Significantly Reduces Debt

USCorp (OTCMarkets: USCS.PK) today announced that it has paid off a significant amount of its corporate debt.

Robert Dultz, Chairman and CEO of USCorp, stated: “We have negotiated and paid off our corporate debt of $557,600 plus interest with a combination of cash and stock. Our only remaining debt obligations are for our gold bullion loan.”

“We appreciate how the holders of the convertible debenture notes, a private Swiss investment fund, have supported us and worked with us over the past several years. USCorp continues to move forward toward completion of the exploration at the Twin Peaks project, and with our exploration and development plans on the Picacho Salton project,” continued Mr. Dultz.

About USCorp

USCorp is an exploration stage company with projects in California and Arizona. Information about USCorp can be found at the company’s website: http://uscorpgold.com.

SAFE HARBOR ACT DISCLAIMER NOTICE

“SAFE HARBOR” STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include the Company's entry into new commercial businesses, the risk of obtaining financing, recruiting and retaining qualified personnel, and other risks described in the Company's Securities and Exchange Commission filings. The forward-looking statements in this press release speak only as of the date hereof, and the Company disclaims any obligation to provide updates, revisions or amendments to any forward-looking statement to reflect changes in the Company’s expectations or future events.

USCorp (CE) (USOTC:USCS)
Historical Stock Chart
From Jun 2024 to Jul 2024