USCorp Significantly Reduces Debt
09 Febrero 2012 - 7:30AM
Business Wire
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.
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