United Silver Corp. announced that it has closed the agreement with Hale Capital Partners first announced on June 4, 2012. Together, USC and Hale formed the Crescent Mine LLC. Under the terms of the LLC, Hale made a net Initial Contribution of $2,400,000 in exchange for a 20% interest in the Crescent Silver Mine, located in the Coeur D'Alene Silver Belt, Idaho. USC had recently acquired this same interest in the Crescent Silver Mine project from Gold Finder Explorations Ltd. USC is the manager and has an 80% interest in the LLC. At any time after USC has satisfied its obligation to Hale under the Secured Convertible Note dated February 1, 2012, USC may acquire one half of Hale's interest in the LLC for a payment equal to the Initial Contribution.