Message #5 From:
NewsBot Date: October 3, 2005 02:30:00 AM
USCS News USCorp Announces the Completion of a $635,000 Gold Bullion Loan
LAS VEGAS--(BUSINESS WIRE)--Oct. 3, 2005--USCorp (OTCBB:USCS) (BCN:UCP.BER) (WKN A0BLBB) is very pleased to announce that the Company has obtained a gold bullion loan in the amount of $635,000. The transaction has been completed through a private Swiss fund. The Company will use the proceeds of this loan in operations, testing and development of specific claims that the Company is considering for commercial production. "This capital infusion will allow our team of mining professionals to begin this process as soon as practicable," according to Robert Dultz, USCorp Chairman and CEO.
USCorp, through wholly owned subsidiaries owns mineral properties and acquires the rights to explore and mine mineral properties for gold, silver, rare earths and industrial metals. The Company currently owns 141 lode mining claims in west-central Arizona known as the Twin Peaks Mine, 21 placer claims and 8 lode claims in California in the Mesquite Mining District, and 400,000 tons of tailings near Kingman, Arizona.
Forward-Looking Statements
Statements contained in this release that are not historical facts are forward-looking statements that involve risks and uncertainties. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, those discussed in "Risk Factors" in the company's Forms 10-KSB, Forms 10-QSB, 8-K and other filings with the U.S. Securities and Exchange Commission. The actual results that the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
