US Gold Announces Common Stock Offering of 15M Shares

US GOLD CORPORATION UXG announces that it intends to offer 15 million shares of its common stock in a public underwritten offering in the United States and Canada. Robert R. McEwen, the Company's Chairman and CEO, intends to purchase common stock with the value equal to $20 million. The Company intends to grant the underwriters a 30-day option to purchase up to 2.25 million additional shares of common stock to cover over-allotments, if any.