U.S. Precious Metals Inc (PINK:USPR) Making Its Way Through Bridge Financing

Las Vegas, NV -- (SBWIRE) -- 02/22/2013 -- U.S. Precious Metals, Inc. (PINK:USPR) recently signed a banking agreement with well known wall street firm. Firm will provide bridge loan financing for the company. According to the agreement the firm will provide principal amount of $650,000 to the company with interest rate of 15 percent per annum. The loan is secured by 5,000,000 shares of stock market.

USPR is trading at $0.220 this morning. In the last 52 weeks the share price touched the lowest of $0.09 and highest stood at $0.38. The company average traded volume is 250,455.00 shares per day. Company holds outstanding shares of 107.36 million.

U.S. Precious Metals Inc mainly deals in the exploration and development of mineral products. The company is headquartered in Odessa, Missouri.

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