Tuesday, September 02, 2008Sterling Mining Company and Minco Silver Corporation Agree Not to Proceed with Business Combination Wallace, Idaho - September 2, 2008 - (Marketwire) - Sterling Mining Company (TSX:SMQ OTCBB:SRLM / FSE:SMX) Company") and Minco Silver Corporation (TSXV:MSV) ("Minco") today announced they have agreed not to proceed with the business combination previously announced on July, 23, 2008.The Board of Directors of Sterling Mining Company will continue the strategic review process announced on June 4, 2008.FOR FURTHER INFORMATION, visit the Company's website at www.SterlingMining.com or contact:Sterling Mining CompanyKen Berscht, PresidentTel: (403)830-7566Monique Hayes, Investor RelationsTel: (208) 699-6097To receive Sterling news via email, please email supertina@sterlingmining.com and specify "SMQ news" in the subject line.Cautionary Language and Forward Looking StatementsThis press release may contain "forward-looking statements", which are subject to various risks and uncertainties that could cause actual results and future events to differ materially from those expressed or implied by such statements. Investors are cautioned that such statements are not guarantees of future performance and results. Risks and uncertainties about the Company's business are more fully discussed in the Company's disclosure documents filed from time to time with the Canadian securities authoritiesThis press release does not constitute an offer to sell or a solicitation to buy securities, and contains forward-looking statements regarding the Company within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements are based on assumptions that the Company believes are reasonable but that are subject to uncertainties and business risks. Actual results relating to any and all of these subjects may differ materially from expected results. Factors that could cause results to differ materially include economic and political events, the ability to raise capital in the financial markets, and other factors discussed in the Company's periodic filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2007 and subsequent 10-Q and 8-K filings.
Sterling Mining is a producing company based in United states of america.
Sterling Mining develops gold and silver in Mexico and in USA.
Its main assets in development are SUNSHINE MINE in USA and BARONESS, SUNSHINE / CHESTER and SUNSHINE / METROPOLITAN in Mexico and its main exploration properties are TESORITO, EAST SILVER VALLEY, CENTRAL SILVER VALLEY, SUNSHINE / MINERAL MOUNTAIN, EL MORRO MEXICO, LA ESPERANZA (VETAS NEGRA), ARTURO, TROUT CREEK, PINE CREEK IDAHO, SUNSHINE / MERGER GROUP, MINTON PASS, STANDARD CREEK, EAST BULL, JE PROJECT, LUCKY LUKE, LA CHAPIS, CUATRO CIENEGAS, JIMENEZ DE TEUL, SUNSHINE / UNITED MINES, SUNSHINE / BISMARK, BEACON LIGHT, WEST SILVER VALLEY and BOLSCHOI AND TERRIBLE JIM in Mexico.
Its stock quote reached its lowest recent point on August 11, 2011 at US$ 0.02, and its highest recent level on December 02, 2011 at US$ 0.02.
Sterling Mining has 39 489 992 shares outstanding.