03:49 PM EST - Minco Silver Corp. : announced that the Company has made a firm offer of $12.5 million U.S. to acquire a 100% interest in Sterling Mining Company. On December 2, 2009 Sterling filed with the United States Bankruptcy Court in the District of Idaho a disclosure statement providing information concerning Sterling's proposed plan of reorganization indicating that Minco Silver's offer is the best offer. Pursuant to the provisions of Sterling's plan of reorganization Minco Silver said it will credit bid the full amount of its' secured claim estimated at $9.4 million U.S. with the balance paid in cash. Minco Silver Corp.
shares T.MSV are trading up $0.05 at $1.95.
