U.S. Energy Corp. Sells Interest in Sutter Gold Mining

U.S. Energy Corp. Sells Interest in Sutter Gold Mining

RIVERTON, WY – U.S. Energy Corp. reported that it has completed the sale of an aggregate of 39,062,720 common shares of Sutter Gold Mining Inc. representing approximately 49.9% of the outstanding common shares of SGMI to RMB Resources Ltd.
“With the sale of our controlling equity position in SGMI we continue to successfully execute our strategy to monetize non-core assets to support investment in other areas of our business,” stated Mark Larsen, President of U.S. Energy Corp. “In this instance, however, we have chosen to enhance our residual equity position by making an additional investment in SGMI’s private placement so we can participate to a greater extent in any future upside potential,” he added.
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