Hale Capital Partners signed a term sheet to acquire 20% stake in Crescent Silver Mine from United Silver Corp. (DB:UM8) for $2.5 million on June 4, 2012. An initial contribution of $2.5 million shall be payable on closing. Under the terms of the agreement, United Silver will have the right to repurchase Hale's 10% interest once certain conditions are met. United Silver will remain the manager of the Crescent Silver Mine. The agreement shall be signed by June 10, 2012. United Silver will use the proceeds to bring the Crescent Mine into commercial production. Hale Capital Partners completed the acquisition of 20% stake in Crescent Silver Mine from United Silver Corp. (DB:UM8) on June 25, 2012.