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Re: News - Tuesday, September 02, 2008
Minco Silver Terminates Proposal for Sterling
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Minco Silver Corporation (the "Company" or "Minco Silver") (TSX: MSV)
announced today that it has completed a detailed due diligence on
Sterling Mining Company ("Sterling") and decided not to proceed with
the acquisition of all the issued and outstanding shares of Sterling as
announced on July 22, 2008.
About Minco Silver
Minco Silver Corporation (TSX: MSV) is a TSX listed company focusing on
the acquisition and development of silver dominant projects. The
Company owns 100% interest in the World Class Fuwan Silver Deposit,
situated along the northeast margin of the highly prospective Fuwan
Silver Belt. The Company is the exclusive vehicle for pursuing silver
opportunities in China pursuant to a strategic alliance agreement
between Minco Gold Corporation (TSX:MMM / AMEX:MGH / FSE:MI5) and
Silver Standard Resources (TSX:SSO). For more information on Minco
Silver, please visit the website at www.mincosilver.ca or contact Ute
Koessler at 1-888-288-8288 or (604) 688-8002 ir@mincomining.ca.
ON BEHALF OF THE BOARD
"Dr. Ken Z. Cai"
Chairman & CEO
The Toronto Stock Exchange does not accept responsibility for the
accuracy of this news release. Certain terms or statements made that
are not historical facts, such as anticipated advancement of mineral
properties or programs, productions, sales of assets, exploration plans
or results, costs, prices, performance are "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of
1995, and involve a number of risks and uncertainties that could cause
actual results to differ materially from those projected, anticipated,
expected or implied. These risks and uncertainties include, but are
not limited to; metals price volatility, volatility of metals
production, project development risks and ability to raise financing.
The Company undertakes no obligation and has no intention of updating
forward-looking statements.
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Copyright (c) 2008 MINCO SILVER CORPORATION (MNV) All rights reserved.
For more information visit our website at http://www.mincosilver.ca/
or send mailto:info@mincosilver.ca
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