<SEC-DOCUMENT>0001185185-20-000180.txt : 20200213
<SEC-HEADER>0001185185-20-000180.hdr.sgml : 20200213
<ACCEPTANCE-DATETIME>20200213120223
ACCESSION NUMBER:		0001185185-20-000180
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20200211
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20200213
DATE AS OF CHANGE:		20200213

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			U S GLOBAL INVESTORS INC
		CENTRAL INDEX KEY:			0000754811
		STANDARD INDUSTRIAL CLASSIFICATION:	INVESTMENT ADVICE [6282]
		IRS NUMBER:				741598370
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-13928
		FILM NUMBER:		20608204

	BUSINESS ADDRESS:	
		STREET 1:		7900 CALLAGHAN RD
		CITY:			SAN ANTONIO
		STATE:			TX
		ZIP:			78229
		BUSINESS PHONE:		2103081234

	MAIL ADDRESS:	
		STREET 1:		7900 CALLAGHAN ROAD
		CITY:			SAN ANTONIO
		STATE:			TX
		ZIP:			78229

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	UNITED SERVICES ADVISORS INC /TX/
		DATE OF NAME CHANGE:	19950321
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>usglobal20200213_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<html><head>
	<title>usglobal20200213_8k.htm</title>
	<!-- Generated by ThunderDome Portal - 2/13/2020 4:25:25 PM --><meta charset="utf-8"><meta name="format-detection" content="telephone=no">
</head>
<body style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding: 0in 0.1in; cursor: auto;">
<hr style="height: 3px; color: #000000; background-color: #000000; width: 100%; border: none; margin: 3pt 0">
<hr style="height: 1px; color: #000000; background-color: #000000; width: 100%; border: none; margin: 0 0 3pt 0">
<p style="font-family: &quot;Times New Roman&quot;; font-size: 16pt; margin: 0pt 14.4pt; text-align: center;"><b>UNITED STATES</b></p>

<p style="font-family: &quot;Times New Roman&quot;; font-size: 16pt; margin: 0pt 14.4pt; text-align: center;"><b>SECURITIES AND EXCHANGE COMMISSION</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 14.4pt;text-align:center;"><b>Washington, D.C. 20549&nbsp;</b></p>

<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; margin: 0pt 7.2pt; text-align: center;">&nbsp;</p>

<hr class="hr-custom" style="text-align: center;height: 1px; color: #000000; background-color: #000000; width: 10%; border: none; margin: 0pt auto 0pt auto;">
<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; margin: 0pt 14.4pt; text-align: center;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;; font-size: 16pt; margin: 0pt 14.4pt; text-align: center;"><b>FORM 8-K</b></p>

<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; margin: 0pt; text-align: justify;"><b>&nbsp;</b></p>

<hr class="hr-custom" style="text-align: center;height: 1px; color: #000000; background-color: #000000; width: 10%; border: none; margin: 0pt auto 0pt auto;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 14.4pt;text-align:center;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 14.4pt;text-align:center;"><b>CURRENT REPORT&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 14.4pt;text-align:justify;"><b>&nbsp;</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 14.4pt;text-align:center;"><b>Pursuant to Section 13 Or 15(d) Of </b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 14.4pt;text-align:center;"><b>The Securities Exchange Act of 1934</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 14.4pt;text-align:justify;"><b>&nbsp;</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 14.4pt;text-align:center;"><b>Date of Report (Date of earliest event reported): </b><b>February</b><b> </b><b>11</b><b>, 20</b><b>20</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 14.4pt;text-align:justify;"><b>&nbsp;</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 14.4pt;text-align:justify;"><b>&nbsp;</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:18pt;margin:0pt 14.4pt;text-align:center;"><u><b>U.S. GLOBAL INVESTORS, INC.</b></u></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 14.4pt;text-align:center;">(Exact name of registrant as specified in its charter)</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 14.4pt;text-align:justify;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width:100%;text-indent:0;font-family:'Times New Roman', Times, serif;font-size:10pt;">

		<tr>
			<td style="vertical-align:middle;width:33%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><u><b>Texas</b></u></p>
			</td>
			<td style="vertical-align:middle;width:34%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><u><b>0-13928</b></u></p>
			</td>
			<td style="vertical-align:middle;width:33%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><u><b>74-1598370</b></u></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:middle;width:33%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">(State of other jurisdiction of incorporation)&nbsp;</p>
			</td>
			<td style="vertical-align:middle;width:34%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">(Commission&nbsp;File Number)</p>
			</td>
			<td style="vertical-align:middle;width:33%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">(IRS Employer&nbsp;Identification No.)</p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 14.4pt;text-align:center;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 14.4pt;text-align:center;"><u><b>7900 Callaghan Road, San Antonio, Texas 78229</b></u></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 14.4pt;text-align:center;">(Address of principal executive offices)&nbsp; &nbsp; &nbsp;(Zip Code)</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 14.4pt;text-align:justify;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 14.4pt;text-align:center;">Registrant's telephone number, including area code:&nbsp;<u><b>210-308-1234</b></u></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 14.4pt;text-align:justify;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 14.4pt;text-align:center;"><u>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</u></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 14.4pt;text-align:center;">(Former name or former address, if changed since last report)</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 14.4pt;text-align:justify;"><b>&nbsp;</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 14.4pt;text-align:left;"><b>&nbsp;</b></p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;">&#9744;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR230.425)</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;">&#9744;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR240.14a-12)</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;">&#9744;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;">&#9744;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;">Securities registered pursuant to Section 12(b) of the Act:</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 14.4pt;text-align:left;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width:100%;text-indent:0;font-family:'Times New Roman', Times, serif;font-size:10pt;">

		<tr>
			<td style="vertical-align: top; border: 1px solid rgb(0, 0, 0); width: 31.6%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Title of each class</p>
			</td>
			<td style="vertical-align: top; border: 1px solid rgb(0, 0, 0); width: 33.9%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Trading Symbol(s)</p>
			</td>
			<td style="vertical-align: top; border: 1px solid rgb(0, 0, 0); width: 34.5%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Name of each exchange on which registered</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: top; border: 1px solid rgb(0, 0, 0); width: 31.6%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;None</p>
			</td>
			<td style="vertical-align: top; border: 1px solid rgb(0, 0, 0); width: 33.9%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;&nbsp;&nbsp;&nbsp;</p>
			</td>
			<td style="vertical-align: top; border: 1px solid rgb(0, 0, 0); width: 34.5%;">&nbsp;</td>
		</tr>

</table>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&nbsp;&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1934 (&#167;240.12b-2 of this chapter)</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;">Emerging growth company &#9744;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. &#9744;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;"><b>&nbsp;</b></p>

<div class="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div class="PGNUM" style="text-align: center; width: 100%">&nbsp;</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div class="PGHDR" style="text-align: left; width: 100%">&nbsp;</div>
</div>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;"><b>&nbsp;</b></p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;">&nbsp;<b>Item 2.02 Results of Operations and Financial Condition.</b></p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;"><b>&nbsp;</b></p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify; text-indent: 36pt;">On February 11, 2020, U.S. Global Investors, Inc. issued a press release reporting earnings and other financial results for its quarter ended December 31, 2019. A copy of the press release is attached and being furnished as Exhibit 99.1.</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;"><b>&nbsp;</b></p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;"><b>Item 9.01 Financial Statements and Exhibits.&nbsp;</b></p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify; text-indent: 36pt;">Exhibit 99.1 &#8211;&nbsp;&nbsp;<a href="ex_172475.htm" style="-sec-extract:exhibit;">Press Release issued by U.S. Global Investors, Inc. dated February 11, 2020 reporting earnings and other financial results for the quarter ended December 31, 2019.</a></p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 27pt; text-align: justify; text-indent: 9pt;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 14.4pt;text-align:justify;text-indent:36pt;">&nbsp;</p>

<div class="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div class="PGNUM" style="text-align: center; width: 100%">&nbsp;</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div class="PGHDR" style="text-align: left; width: 100%">&nbsp;</div>
</div>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;"><b>SIGNATURES</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 14.4pt;text-align:justify;"><b>&nbsp;</b></p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify; text-indent: 27pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 14.4pt;text-align:justify;"><b>&nbsp;</b></p>

<table border="0" cellpadding="0" cellspacing="0" style="width:100%;text-indent:0;font-family:'Times New Roman', Times, serif;font-size:10pt;">

		<tr>
			<td style="vertical-align:middle;width:50%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
			<td style="vertical-align:middle;width:50%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>U.S. Global Investors, Inc.</b></p>

			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>By:</b><u><b> /s/ Lisa Callicotte&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b></u><b>&nbsp;</b></p>

			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:18pt;"><b>Lisa Callicotte</b></p>

			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:18pt;"><b>CFO</b></p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 14.4pt;text-align:justify;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;"><b>Dated:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b><b>February</b><b> </b><b>13</b><b>, 2020</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 14.4pt;text-align:justify;"><b>&nbsp;</b></p>


</body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex_172475.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html><head>
	<title>ex_172475.htm</title>
	<!-- Generated by ThunderDome Portal - 2/13/2020 2:57:30 PM --><meta charset="utf-8"><meta name="format-detection" content="telephone=no">
</head>
<body style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding: 0in 0.1in; cursor: auto;">
<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: right;"><b>Exhibit 99.1</b></p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: right;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%;">

		<tr>
			<td style="width: 1227px;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>Contact:</b></p>

			<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>Holly Schoenfeldt</b></p>

			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:left;">&nbsp;</p>

			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:left;">Marketing &amp; Public Relations Manager</p>

			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">210.308.1268</p>

			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">hschoenfeldt@usfunds.com</p>
			</td>
			<td style="width: 528px;">
			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><img src="ex_172475img001.gif" style="width: 98pt; height: 74pt;"></p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</p>
			</td>
		</tr>

</table>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"><b>&nbsp;</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:right;"><b>For Immediate Release</b></p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>&nbsp;</b></p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>U.S. Global Investors Reports Financial Results for the Second Quarter of 2020 Fiscal Year</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">************************************************************************</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><b>SAN ANTONIO&#8211;February 11, 2020</b>&#8211;U.S. Global Investors, Inc. (NASDAQ: GROW) (the &#8220;Company&#8221;), a boutique registered investment advisory firm with longstanding experience in global markets and specialized sectors, today reported a net loss of $1.0 million, or $0.06 per share loss, for the quarter ended December 31, 2019. That&#8217;s compared to a net loss of $3.2 million, or $0.21 per share loss, for the same three-month period a year earlier. The decrease in loss is primarily due to improvement in unrealized investment losses.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Operating loss from continuing operations for the quarter ended December 31, 2019, was $511,000, compared to a loss of $856,000 for the quarter ended December 31, 2018, an improvement of $345,000. Total consolidated operating revenues for the quarter ended December 31, 2019, increased $94,000, or 11.9 percent, compared with the quarter ended December 31, 2018, due to higher average assets under management in equity funds, lower fund expense waivers and lower performance fees paid out. Total consolidated operating expenses for the current quarter decreased $251,000, or 15.2 percent, compared with the same quarter in the prior year, due to a decrease in employee compensation and benefits expenses and a decrease in fund expenses.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Total consolidated other loss for the three months ended December 31, 2019, was $440,000 compared with an approximate $3.5 million loss for the three months ended December 31, 2018, a decrease in loss of approximately $3.0 million. The majority of other loss is due to investment losses, primarily unrealized losses on fair valued securities. A significant portion of the unrealized loss for both three-month periods was related to declines in technology and cryptocurrency mining equity securities held in corporate investments. The unrealized loss for HIVE Blockchain Technologies (&#8220;HIVE&#8221;), the Company&#8217;s strategy for exposure to cryptocurrencies and blockchain, was $1.0 million in the current quarter. This unrealized loss was partially offset, however, by net unrealized gains in other securities of $453,000.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">U.S. Global Investors (Canada) Limited (&#8220;USCAN&#8221;), a wholly owned subsidiary of the Company, entered into a binding letter of intent dated December 30, 2019, with Galileo Global Equity Advisors Inc. (&#8220;Galileo&#8221;), whereby Galileo, pursuant to a capital restructuring, will repurchase all of its common shares owned by USCAN for $1.0 million (Canadian). The transaction is subject to the approval of Canadian securities regulatory authorities and to the satisfaction of other closing conditions. It is anticipated that the transaction will close on or about March 2, 2020. After the transaction, the Company will have no continuing involvement with the operations of Galileo, except for an equity method investment in a fund managed by Galileo. This will allow the Company to focus on assets under management in the U.S. The results of Galileo are included in &#8220;discontinued operations&#8221; in the Consolidated Statements of Operations.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><b>GOAU ETF Approved for Three New Trading Platforms</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&#8220;I&#8217;m thrilled that our gold equities ETF, the U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU), was made available for investors to trade on three additional platforms during the December quarter,&#8221; comments Frank Holmes, the Company&#8217;s CEO and chief investment officer. Those platforms are Raymond James, Oppenheimer &amp; Co. and Janney Montgomery Scott.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&#8220;GOAU, which returned 54.1 percent in 2019, is a quant-based gold equities ETF that, once every quarter, rebalances the three largest gold royalty and streaming and companies,&#8221; Mr. Holmes says. &#8220;What&#8217;s more, it kicks out the losers and takes positions in companies with the strongest growth on a per-share basis and that are cheapest on a relative basis.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<div class="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div class="PGNUM" style="text-align: center; width: 100%">&nbsp;</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div class="PGHDR" style="text-align: left; width: 100%">&nbsp;</div>
</div>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&#8220;We couldn&#8217;t be more pleased with how well GOAU has performed since its debut two and a half years ago,&#8221; Mr. Holmes continues. &#8220;It&#8217;s done exactly what we said it would, and we&#8217;re excited for more investors to discover it now that it&#8217;s been approved for trading on these three new platforms.&#8221;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Besides delivering attractive performance, GOAU has seen its trading volume surge over the past 12 months. Between December 2018 and December 2019, average daily trading volume jumped 708 percent, from 9,907 shares to 80,010 shares.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&#8220;I&#8217;m also very happy with how well our premiere gold equities mutual fund, the Gold and Precious Metals Fund (USERX), has performed,&#8221; Mr. Holmes adds. &#8220;The fund returned 51.3 percent in performance for the 12-month period through December 31, 2019, beating its benchmark, the FTSE Gold Mines Index, by 866 basis points. USERX received an incredible five stars overall from Morningstar, based on risk-adjusted returns, as of December 31. It also received five stars for the five- and 10-year periods.&#8221;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><b>HIVE Has Turned a Corner for the Better</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">HIVE remains the Company&#8217;s strategy for cryptocurrencies and blockchain since such an ETF has not yet been approved by the Securities and Exchange Commission (SEC). The investment was valued at approximately $731,000 at December 31, 2019.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Mr. Holmes serves on the board as non-executive chairman of HIVE and held shares and options at December 31, 2019.&nbsp;Effective August 31, 2018, Mr. Holmes was named Interim Executive Chairman of HIVE while a search for a new CEO is undertaken.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&#8220;HIVE is the world&#8217;s dominant producer of newly-minted Ether coins, and I&#8217;m pleased to announce that the company experienced a more than 20 percent increase in daily Ether coin production compared to its exit run rate for the last 15 days in December 2019. What&#8217;s more, electricity costs are trending down at the company&#8217;s mining facility in Sweden,&#8221; Mr. Holmes comments. &#8220;Shares in HIVE are seeing substantial daily trading volume following year-end tax loss selling in mutual funds and ETFs. I believe the future of the company looks very promising as a number of other crypto mining companies have capitulated.&#8221;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><b>Adequate Liquidity and Capital Resources</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">As of December 31, 2019, the Company had net working capital of approximately $10.2 million. With approximately $1.8 million in cash and cash equivalents and $9.5 million in unrestricted securities at fair value, the Company has adequate liquidity to meet its current obligations. The Company has no borrowings or long-term liabilities except for lease obligations.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><b>Share Repurchase Program</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><b>&nbsp;</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Company has a share repurchase program, approved by the Board of Directors, authorizing it to annually purchase up to $2.75 million of its outstanding common shares on the open market through December 31, 2020. For the three months ended December 31, 2019, the Company repurchased 2,000 class A shares using cash of $3,000. The plan may be suspended or discontinued at any time.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><b>GROW Continued Dividends</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><b>&nbsp;</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Company has continued to pay monthly dividends for more than 10 years. The Board of Directors has authorized a monthly dividend of $0.0025 per share through March 2020, at which time the Board of Directors will consider continuation of the dividend.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><b>Earnings Webcast Information</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><b>&nbsp;</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Company has scheduled a webcast for 7:30 a.m. Central time on Wednesday, February 12, 2020, to discuss the Company&#8217;s key financial results for the year. Frank Holmes will be accompanied on the webcast by Lisa Callicotte, chief financial officer, and Holly Schoenfeldt, marketing and public relations manager. Click here to register for the earnings webcast or visit www.usfunds.com for more information.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<div class="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div class="PGNUM" style="text-align: center; width: 100%">&nbsp;</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div class="PGHDR" style="text-align: left; width: 100%">&nbsp;</div>
</div>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>Selected Financial Data (unaudited): </b><i>(dollars in thousands, except per share data)</i></p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px;">

		<tr style="vertical-align: bottom;">
			<td colspan="1" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".lead.D3" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td colspan="6" id=".amt.D3" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Three months ended</b></b></p>
			</td>
			<td id=".trail.D3" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom;">
			<td colspan="1" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".lead.D2" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td>
			<td colspan="2" id=".amt.D2" style="text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;"><b><b>12/31/2019</b></b></p>
			</td>
			<td id=".trail.D2" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td>
			<td id=".lead.D3" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td>
			<td colspan="2" id=".amt.D3" style="text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;"><b><b>12/31/2018</b></b></p>
			</td>
			<td id=".trail.D3" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
			<td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; width: 70%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Operating Revenues</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
			<td id=".amt.2" style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">887</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
			<td id=".amt.3" style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">793</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
			<td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Operating Expenses</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".amt.2" style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">1,398</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".amt.3" style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">1,649</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
			<td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Operating Loss</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.2" style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">(511</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">)</td>
			<td id=".lead.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.3" style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">(856</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">)</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
			<td colspan="1">&nbsp;</td>
			<td id=".lead.B2">&nbsp;</td>
			<td id=".symb.B2">&nbsp;</td>
			<td id=".amt.B2">&nbsp;</td>
			<td id=".trail.B2">&nbsp;</td>
			<td id=".lead.B3">&nbsp;</td>
			<td id=".symb.B3">&nbsp;</td>
			<td id=".amt.B3">&nbsp;</td>
			<td id=".trail.B3">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
			<td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Total Other Loss</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".amt.2" style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(440</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">)</td>
			<td id=".lead.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".amt.3" style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(3,463</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">)</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
			<td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Loss from Continuing Operations Before Income Taxes</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.2" style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">(951</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">)</td>
			<td id=".lead.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.3" style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">(4,319</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">)</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
			<td colspan="1">&nbsp;</td>
			<td id=".lead.B2">&nbsp;</td>
			<td id=".symb.B2">&nbsp;</td>
			<td id=".amt.B2">&nbsp;</td>
			<td id=".trail.B2">&nbsp;</td>
			<td id=".lead.B3">&nbsp;</td>
			<td id=".symb.B3">&nbsp;</td>
			<td id=".amt.B3">&nbsp;</td>
			<td id=".trail.B3">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
			<td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Income Tax Benefit</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".amt.2" style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(25</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">)</td>
			<td id=".lead.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".amt.3" style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(744</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">)</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
			<td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Net Loss from Continuing Operations</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.2" style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">(926</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">)</td>
			<td id=".lead.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.3" style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">(3,575</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">)</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
			<td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Income (loss) from Discontinued Operations</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".amt.2" style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(117</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">)</td>
			<td id=".lead.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".amt.3" style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">560</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
			<td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Net Loss</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.2" style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">(1,043</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">)</td>
			<td id=".lead.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.3" style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">(3,015</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">)</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
			<td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Less: Net Income (Loss) Attributable to Non-Controlling Interest</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".amt.2" style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(40</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">)</td>
			<td id=".lead.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".amt.3" style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">196</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
			<td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Net Loss Attributable to U.S. Global Investors, Inc.</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
			<td id=".amt.2" style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">(1,003</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">)</td>
			<td id=".lead.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
			<td id=".amt.3" style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">(3,211</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">)</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
			<td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Loss from continuing operations per share (basic and diluted)</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
			<td id=".amt.2" style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">(0.06</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">)</td>
			<td id=".lead.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
			<td id=".amt.3" style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">(0.24</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">)</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
			<td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Income (loss) from discontinuing operations per share (basic and diluted)</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
			<td id=".amt.2" style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">0.00</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
			<td id=".amt.3" style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">0.03</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
			<td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Loss per share (basic and diluted)</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
			<td id=".amt.2" style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">(0.06</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">)</td>
			<td id=".lead.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
			<td id=".amt.3" style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">(0.21</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">)</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
			<td colspan="1">&nbsp;</td>
			<td id=".lead.B2">&nbsp;</td>
			<td id=".symb.B2">&nbsp;</td>
			<td id=".amt.B2">&nbsp;</td>
			<td id=".trail.B2">&nbsp;</td>
			<td id=".lead.B3">&nbsp;</td>
			<td id=".symb.B3">&nbsp;</td>
			<td id=".amt.B3">&nbsp;</td>
			<td id=".trail.B3">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
			<td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Avg. common shares outstanding (basic)</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.2" style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">15,129,114</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.3" style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">15,145,702</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
			<td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Avg. common shares outstanding (diluted)</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.2" style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">15,129,114</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.3" style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">15,145,702</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
			<td colspan="1">&nbsp;</td>
			<td id=".lead.B2">&nbsp;</td>
			<td id=".symb.B2">&nbsp;</td>
			<td id=".amt.B2">&nbsp;</td>
			<td id=".trail.B2">&nbsp;</td>
			<td id=".lead.B3">&nbsp;</td>
			<td id=".symb.B3">&nbsp;</td>
			<td id=".amt.B3">&nbsp;</td>
			<td id=".trail.B3">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
			<td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Avg. assets under management from continuing operations (millions)</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
			<td id=".amt.2" style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">507.6</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
			<td id=".amt.3" style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">522.3</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
		</tr>

</table>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>####</b></p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<div class="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div class="PGNUM" style="text-align: center; width: 100%">&nbsp;</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div class="PGHDR" style="text-align: left; width: 100%">&nbsp;</div>
</div>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>About U.S. Global Investors, Inc.</b></p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The story of U.S. Global Investors goes back more than 50 years when it began as an investment club. Today, U.S. Global Investors, Inc. (www.usfunds.com) is a registered investment adviser that focuses on niche markets around the world. Headquartered in San Antonio, Texas, the Company provides money management and other services to U.S. Global Investors Funds, U.S. Global ETFs and other international clients.</p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><b>Forward-Looking Statements and Disclosure</b></p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">This news release and other statements by U.S. Global Investors may include certain &#8220;forward-looking statements,&#8221; including statements relating to revenues, expenses and expectations regarding market conditions. You can identify these forward-looking statements by the use of words such as &#8220;outlook,&#8221; &#8220;believes,&#8221; &#8220;expects,&#8221; &#8220;potential,&#8221; &#8220;opportunity,&#8221; &#8220;seeks,&#8221; &#8220;anticipates&#8221; or other comparable words. Such statements involve certain risks and uncertainties and should be read with corporate filings and other important information on the Company&#8217;s website, www.usfunds.com, or the Securities and Exchange Commission&#8217;s website at www.sec.gov.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">These filings, such as the Company&#8217;s annual report and Form 10-Q, should be read in conjunction with the other cautionary statements that are included in this release. Future events could differ materially from those anticipated in such statements and there can be no assurance that such statements will prove accurate and actual results may vary. The Company undertakes no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><i>Please consider carefully a fund&#8217;s investment objectives, risks, charges and expenses. For this and other important information, obtain a fund prospectus</i> <i>by visiting </i><i>www.usfunds.com</i><i>. Read it carefully before investing. Foreside Fund Services, LLC, Distributor. U.S. Global Investors is the investment adviser.</i></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><i>&nbsp;</i></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>Past performance does not guarantee future results.</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>&nbsp;</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Total Annualized Returns as of 12/31/2019:</p>

<table border="0" cellpadding="0" cellspacing="0" style="width:100%;text-indent:0;font-family:'Times New Roman', Times, serif;font-size:10pt;">

		<tr>
			<td style="vertical-align: top; border: 1px solid rgb(0, 0, 0); width: 26.3%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Fund</p>
			</td>
			<td style="vertical-align: top; border: 1px solid rgb(0, 0, 0); width: 13.6%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">One-Year</p>
			</td>
			<td style="vertical-align: top; border: 1px solid rgb(0, 0, 0); width: 13.6%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Five-Year</p>
			</td>
			<td style="vertical-align: top; border: 1px solid rgb(0, 0, 0); width: 11.6%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Ten-Year</p>
			</td>
			<td style="vertical-align: top; border: 1px solid rgb(0, 0, 0); width: 17.4%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Since Inception</p>
			</td>
			<td style="vertical-align: top; border: 1px solid rgb(0, 0, 0); width: 17.4%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Gross Expense Ratio</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: top; border: 1px solid rgb(0, 0, 0); width: 26.3%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">U.S. Global GO GOLD and Precious Metal Miners ETF NAV</p>
			</td>
			<td style="vertical-align: top; border: 1px solid rgb(0, 0, 0); width: 13.6%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">53.37%</p>
			</td>
			<td style="vertical-align: top; border: 1px solid rgb(0, 0, 0); width: 13.6%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">n/a</p>
			</td>
			<td style="vertical-align: top; border: 1px solid rgb(0, 0, 0); width: 11.6%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">n/a</p>
			</td>
			<td style="vertical-align: top; border: 1px solid rgb(0, 0, 0); width: 17.4%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">16.44%</p>

			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">(6/27/2017)</p>
			</td>
			<td style="vertical-align: top; border: 1px solid rgb(0, 0, 0); width: 17.4%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">0.60%</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: top; border: 1px solid rgb(0, 0, 0); width: 26.3%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">U.S. Global GO GOLD and Precious Metal Miners ETF Share Price</p>
			</td>
			<td style="vertical-align: top; border: 1px solid rgb(0, 0, 0); width: 13.6%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">54.14%</p>
			</td>
			<td style="vertical-align: top; border: 1px solid rgb(0, 0, 0); width: 13.6%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">n/a</p>
			</td>
			<td style="vertical-align: top; border: 1px solid rgb(0, 0, 0); width: 11.6%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">n/a</p>
			</td>
			<td style="vertical-align: top; border: 1px solid rgb(0, 0, 0); width: 17.4%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">16.71%</p>

			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">(6/27/2017)</p>
			</td>
			<td style="vertical-align: top; border: 1px solid rgb(0, 0, 0); width: 17.4%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">0.60%</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: top; border: 1px solid rgb(0, 0, 0); width: 26.3%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Gold and Precious Metals Fund</p>
			</td>
			<td style="vertical-align: top; border: 1px solid rgb(0, 0, 0); width: 13.6%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">51.34%</p>
			</td>
			<td style="vertical-align: top; border: 1px solid rgb(0, 0, 0); width: 13.6%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">15.21%</p>
			</td>
			<td style="vertical-align: top; border: 1px solid rgb(0, 0, 0); width: 11.6%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">-1.43%</p>
			</td>
			<td style="vertical-align: top; border: 1px solid rgb(0, 0, 0); width: 17.4%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">30.79%</p>

			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">(7/1/1974)</p>
			</td>
			<td style="vertical-align: top; border: 1px solid rgb(0, 0, 0); width: 17.4%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">1.78%</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: top; border: 1px solid rgb(0, 0, 0); width: 26.3%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">FTSE Gold Mines Index</p>
			</td>
			<td style="vertical-align: top; border: 1px solid rgb(0, 0, 0); width: 13.6%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">42.68%</p>
			</td>
			<td style="vertical-align: top; border: 1px solid rgb(0, 0, 0); width: 13.6%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">12.58%</p>
			</td>
			<td style="vertical-align: top; border: 1px solid rgb(0, 0, 0); width: 11.6%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">-3.46%</p>
			</td>
			<td style="vertical-align: top; border: 1px solid rgb(0, 0, 0); width: 17.4%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">n/a</p>
			</td>
			<td style="vertical-align: top; border: 1px solid rgb(0, 0, 0); width: 17.4%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">n/a</p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><i>The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Short term performance, in particular, is not a good indication of the fund&#8217;s future performance, and an investment should not be made based solely on returns. </i> <i>For GOAU performance data current to the most recent month-end, please visit </i><i>www.usglobaletfs.com.</i></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><i>&nbsp;</i></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the fund. Brokerage commissions will reduce returns. Because the fund concentrates its investments in specific industries, the fund may be subject to greater risks and fluctuations than a portfolio representing a broader range of industries. The fund is non-diversified, meaning it may concentrate more of its assets in a smaller number of issuers than a diversified fund. The fund invests in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for investments in emerging markets. The fund may invest in the securities of smaller-capitalization companies, which may be more volatile than funds that invest in larger, more established companies. The performance of the fund may diverge from that of the index. Because the fund may employ a representative sampling strategy and may also invest in securities that are not included in the index, the fund may experience tracking error to a greater extent than a fund that seeks to replicate an index. The fund is not actively managed and may be affected by a general decline in market segments related to the index. </b><b>Gold, precious metals, and precious minerals funds may be susceptible to adverse economic, political or regulatory developments due to concentrating in a single theme. The prices of gold, precious metals, and precious minerals are subject to substantial price fluctuations over short periods of time and may be affected by unpredicted </b><b>international monetary and political policies. We suggest investing no more than 5% to 10% of your portfolio in these sectors.</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<div class="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div class="PGNUM" style="text-align: center; width: 100%">&nbsp;</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div class="PGHDR" style="text-align: left; width: 100%">&nbsp;</div>
</div>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%;">

		<tr>
			<td style="width: 398px;">
			<div><img alt="" src="img2.jpg"></div>
			</td>
			<td style="width: 1357px; vertical-align: bottom;">Morningstar ratings based on risk-adjusted return and number of funds<br>
			Category: Equity Precious Metals<br>
			Through: 12/31/2019</td>
		</tr>

</table>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Morningstar Ratings are based on risk-adjusted return. The Morningstar Rating for a fund is derived from a weighted-average of the performance figures associated with its three-, five- and ten-year Morningstar Rating metrics. Past performance does not guarantee future results. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund&#8217;s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.)</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">GOAU is distributed by Quasar Distributors, LLC. U.S. Global Investors is the investment adviser to GOAU.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The FTSE Gold Mines Index Series encompasses all gold mining companies that have a sustainable and attributable gold production of at least 300,000 ounces a year, and that derive 75% or more of their revenue from mined gold. Gross mining profit is used to assess profitability after power costs in cryptocurrency production, the largest variable expense in mining.&nbsp;A basis point, or bp, is a common unit of measure for interest rates and other percentages in finance. One basis point is equal to 1/100th of 1%, or 0.01% (0.0001).</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>&nbsp;</b></p>


</body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>ex_172475img001.gif
<TEXT>
begin 644 ex_172475img001.gif
M1TE&.#EA@P!C /<         ,P  9@  F0  S   _P K   K,P K9@ KF0 K
MS  K_P!5  !5,P!59@!5F0!5S !5_P"   " ,P" 9@" F0" S " _P"J  "J
M,P"J9@"JF0"JS "J_P#5  #5,P#59@#5F0#5S #5_P#_  #_,P#_9@#_F0#_
MS #__S,  #, ,S, 9C, F3, S#, _S,K #,K,S,K9C,KF3,KS#,K_S-5 #-5
M,S-59C-5F3-5S#-5_S.  #. ,S. 9C. F3. S#. _S.J #.J,S.J9C.JF3.J
MS#.J_S/5 #/5,S/59C/5F3/5S#/5_S/_ #/_,S/_9C/_F3/_S#/__V8  &8
M,V8 9F8 F68 S&8 _V8K &8K,V8K9F8KF68KS&8K_V95 &95,V959F95F695
MS&95_V:  &: ,V: 9F: F6: S&: _V:J &:J,V:J9F:JF6:JS&:J_V;5 &;5
M,V;59F;5F6;5S&;5_V;_ &;_,V;_9F;_F6;_S&;__YD  )D ,YD 9ID F9D
MS)D _YDK )DK,YDK9IDKF9DKS)DK_YE5 )E5,YE59IE5F9E5S)E5_YF  )F
M,YF 9IF F9F S)F _YFJ )FJ,YFJ9IFJF9FJS)FJ_YG5 )G5,YG59IG5F9G5
MS)G5_YG_ )G_,YG_9IG_F9G_S)G__\P  ,P ,\P 9LP F<P S,P _\PK ,PK
M,\PK9LPKF<PKS,PK_\Q5 ,Q5,\Q59LQ5F<Q5S,Q5_\R  ,R ,\R 9LR F<R
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MG_4%2Y4$U,Z(IMA+@*4G 2S(R]HBE#)[R6A[.FQ>C&!S%M+L0PV.D!F-%#>
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M!L67"3LK7?3H3ZDD&;F[Q7%HG(26H$R86VW)1[^FR<1 ;O:?!4=$)6G8,>@
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M,TF#IBUOA'&T<6:<5V\@N&1;H@F;<("IH7UV<F/F)D+D8G:3,#+;83XOI0S
M1#"=%$;X1P^R$81"YW#GQAJ'UA[WUW.\ QW_(1[3 F :HF2GMH!7,@;GDS@-
M4@^@D3*(E&=?U2=$<H:Z8WM09R/&X8$ >&X1=D-N_X<;.G. M#5PIG1D8:$/
MQ9 & L$;T:!QUI%44F(LW48P^P<@^L""KQ5TCHA.&%(J$P=T_(528,52.B)U
M8-& =#@S6_(<FAA$8.0@;$4PTK02O[8I\Y%?HD-M((=JZ>*!O,=8J$9"4%4O
M+*0)\&6''J<\ Y(^001YUC9Z2=450@,-C^)T8X,LDK,^/>A4( @M[L@SKUAC
M#8A#7M9S[2)OXJ$F[LB(-?)=B31P*M1LP.5TKD1RFT(,<#!N3^5UA;B*Y(%W
M3\9O-6)RI7=7$8F.C3%W#D@E^<$5#=9AAI(T:R-L"Q0-D^!'17,?;8$KG><Q
M*S==W.1LUF1YYA9TXA<@#/_I7:,Q&^IHBE#B$^/Q6OP2>Q#W%Q%!BAAB(+T&
M3>2R'KA7+P,(@ORCB.7!97789.X#./4((!8W85IB+)J#8'3(40Z8)>*5,H%"
M#^DS R:8'_:A9?R8?#<I1P+D;/WV=E!Y>RH%:%1#)$JH!IH&2W.7BONX)1^"
M@[<R*# B*G!BC3+(7X2D2;!B1VF 43""4F)7B<XR:+7T'X@A=QN" 'C62@^6
M3"QU5Q9(C"^3*Y;2%3*3B]2V;V^TCQVU'[-92.X#E\DS=("F'/"S@IHS,&"A
MD?RUC^KD53'1 B]%C]\T!C$80DR$<4&3)2PB8*;7?X,F.'OW1GY2(C(0@3 $
M0M/_A7ZW9&4703"Q!S"4\)U4ED]9&3;J1I>PM1\OPT -B)</UWE0E3S@@C*)
M%)^W%F'U!CC%(XQUME>D="789'K))!_5B7X:QE*5(HTPJ(2#LC!D( /U%#/F
M<B$4R9LL:4 "X(LYAFQF 9@(H ;3QCZT-4AR]'>FP2)TUG,U.8\;)9DJ RY=
M(TY%\QZ-T4GL=GRB@S>[DH/< R-?P1Q_T7YO<VP2.8!OHR'6LSZ6MVX==GJ#
MMBI+!AVOH6DR((QP1D$.HVON*8(>]A9N\X5=,B5=IXF;-C=JH6N$1R"T-6 :
M,@9M>:67EYVEUX/0H3.@A#(W0RW=:2F"9BQUJ#_ZL"N(_^-VZ%$DK/(<:I"'
M!\5O#^=VZ2>E.,62LYA^V0.GJ60L^>$6B--*V@>GTA1MH-!%A8>+!N0=K*HM
M4X<JE( #]306]/)P65F:U^(HL8.- 6IYE]0^C6,; X!G Q5[%!D6T- FC1%[
M;89_OR402-DG;1&KAAD>FI8# V5\8%<@IWIB>Y**8)A0T4)Z@ )%\/,6 P%F
M339X_?@>XP:0MZ9V*+-5,+,9A?0M?2,E**2;/Q9&#;@?WFJ&_P&7T8BHMM$U
MPHDHC3.6NJ-DSR$>+(@N^+2HKL>1@?:D@4(N::"A'YEF0R>5V,BMRC2$'9>=
M<%48(=(U00)K)"ND#&H@\V:/Y_\F??CZF](YH&S2:Z(Q&\M!J,%:2 3+C!6Z
MER;6%H\RHC,$%E[70)-6AN?:K#5;GP9B98U:&%-W1Q'+'Z^AH5\Z'@.BGS(X
M%Q3*<YUWM286(N$"%PDYH\N*3:GX1=$F'L068PB@53J9@F#%D,_1%@+QLUVD
M8'7*IR9+B7OJ50-"+;:1 P@@$8!!0$^50V2(4*F44//V,%>[*T>);),2EQS3
M8FQB(@-A/6?Q5HAJ:SK 6C)X*H@Z('_;N,<:7*/Q1;-XN9X:F2YZ'\%W%D63
MFEM5,:Z%:NI$>RX!N=P:E)V8*(D2?S?SK].6)MACHCYD$4DQ&IHKIVIAG5OZ
M=N4JD=C_MV@P(G_)%CKL]E]]=HF.X4&AX7CQ,QZHR2(SJ9(@AC$LPP(H Q>R
M<24#1X:/.:3 ^E3WB7TP! H_HE4-D[HCXWG& C'/H:[TP+S5PEA$<A3@I!)J
M59FP,1K!5YER\2-L RG05230L1P6UH%>]3*P&[WI^AO,NV/22SV^F2'\6\-L
M@B<W(9R(@1CO6U\[W%D^'!AJ=A0-T1#^:501HJ$.,1 W0;M%PA<\',5 /,54
MS,.)P1A7?,4_S!AN87!-7$RO!,8J@1--S#8WH56!9%0.X1UF_$HA7%#%1!#%
M%%#>45PS\ "OE,8)4%1M?,9C;,9S',9G_,8$\4H!Y<=D#,;A_S+(D-+(!%'$
M<JP2<KS&*E'$:UQ0<%S)!27)7_S'!S?&#7$^D1+"A5S*FFS)@+3)<AS)CWS)
MGSS)2A50%8');X%GG"S)?SS(?:S';ES(F S*O>P3ASS)8US*GX;)OAQ((T7&
M?ZS&/N',SLS)96S(@GP3./!IA?S)I*P2C5Q0RNS'I@S.SXQ:EZS&(X47QHS+
MR8S(;:S-V^S*9:S&>*'-= S'WDS).(%GE[S/9IS&EQQ0W?S&;VS)<UQ,%6'0
MORS0YTS+CJS)@[S,Z/S%JIS0<<S-\ES,8\PRM^S+W0S0F[P39MS-\\Q<.P$7
M:0#"(9T49%!4 #W26C4&*PT1@>3&'__=SV]<S]*LR>;,R )MS#E SC]=3#$S
M!G+<8(\"QL/Q%2BMQAA<MTJ= .RQEMV<$[UA=IB\S*TWTZ/A%GFKT]Q,S86\
MT2)L)JI\RLP<UGBAG C-'E&B:;%D)@21!C&UL&<-*;.AM$@%U?O0;2$-LG1T
MU, ,*5U!1_>L,9H N0C=T/.LSAXM3,7 T@6-S_Y,TGD;;GFQ#\"DH;?!U0[!
M'J"TH\8\ RT#'N'2-=RL,1"8 \Q"%RC#'AI$'SDQ&BT;+ROCGU[C5Z)!%[+1
M,WB"9U6Q08^"06XA)%TL<7:!9<SB""_A0VW<O@=WV0?V%K<1W'$-4>/L$ UA
MV,_]%BR@,8","183!"7#MK]((D22I'9]0LF;L]>7G8\K$TN:(  9XQ6!5@QG
M1@Q_!4NF<=*SX171T C#=L/U2\L7D=+>/1$MPM5,K"2H01\1:-.]D080P2O?
MO==IM Q!%*,:$RZ>?2(H\A>%8=6W#8'>?=M_H2L-AB?1L P9<XH'V!8W41@M
MD$;*@&=_;=@K(8A$[1#_?5C.&B,JHJE(?9/'&-Q)F7S&.-XUWW$[W@W?>/8?
M[!(-FN;=7^$S;A$6VRH1WBU,9F;B"&#8Y5TK,,T2$U4EWQ'?3IX#?3)L9H<B
M*W/(CWO-!44&,4J,Y2U*(9(3X=%@J5E/IX'#8U /H'#9][7F:00NQ&!F9^Z%
M&;,/*XTH9D<0B"9E)>[= \,SOL;>.F$])BDW^[ 2II$4B'0:B-<48\%^;'76
MZ[&JXF%V8;$;.A-M-W'J3.P=7X$8RZ Y_0U+/'P3F@ 'O6(;XF1J> )!AKPY
M+"Y,NV(?H,3G!X06C;N3.#P;HX60XN'K)=)6%#O-WSS(07'&/9$5@90#UVS1
M_R*<%<6D$W !PFTC7 X1)$RQZ?8\ S@@[X&$QSRAS3:Q18'I$H5,Q$A13 "O
M51*MRBD1F <=4 ,QX;/LS T!$>:.UKP5UNK--A!Q/@(=4"V0S7E,QBWP:04^
MTI9\P6?,6^&$IK@<F+\L;,C5\B#=$SSA\@0?$W(.TGULS3&_Z6SL\G;\0S%O
M\S!?7'*NR&Z<7#G/\VRL[F7<$V,<7#3]TY9-T\>\$TZ/Q_+NQKG\:=P,\U2_
M],Z5T4UOR#&![S]/TWNL]:]$]EGOS0P1@9%"$"SPN!>(6D;<U9&"6G@?R7)O
M<! 1@1?A]Y!2Q!<!R8[L]W]?Q(T\7J$ARH_[]H$/*14#<1"'3_=T7\MR7,0H
*X_:-//@1$1  .P$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>img2.jpg
<TEXT>
begin 644 img2.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_X1#@17AI9@  34T *@    @ ! $[  (
M   '   (2H=I  0    !   (4IR=  $    .   0RNH<  <   @,    /@
M   <Z@    @
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M                                                 $%N9')E80
M  60 P "    %   $*"0!  "    %   $+22D0 "     S$S  "2D@ "
M S$S  #J'  '   (#   ")0     '.H    (
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M               R,#(P.C R.C$S(# X.C4S.C(S #(P,C Z,#(Z,3,@,#@Z
M-3,Z,C,   !! &X 9 !R &4 80   /_A"QEH='1P.B\O;G,N861O8F4N8V]M
M+WAA<"\Q+C O #P_>'!A8VME="!B96=I;CTG[[N_)R!I9#TG5S5-,$UP0V5H
M:4AZ<F53>DY48WIK8SED)S\^#0H\>#IX;7!M971A('AM;&YS.G@](F%D;V)E
M.FYS.FUE=&$O(CX\<F1F.E)$1B!X;6QN<SIR9&8](FAT=' Z+R]W=W<N=S,N
M;W)G+S$Y.3DO,#(O,C(M<F1F+7-Y;G1A>"UN<R,B/CQR9&8Z1&5S8W)I<'1I
M;VX@<F1F.F%B;W5T/2)U=6ED.F9A9C5B9&0U+6)A,V0M,3%D82UA9#,Q+60S
M,V0W-3$X,F8Q8B(@>&UL;G,Z9&,](FAT=' Z+R]P=7)L+F]R9R]D8R]E;&5M
M96YT<R\Q+C$O(B\^/')D9CI$97-C<FEP=&EO;B!R9&8Z86)O=70](G5U:60Z
M9F%F-6)D9#4M8F$S9"TQ,61A+6%D,S$M9#,S9#<U,3@R9C%B(B!X;6QN<SIX
M;7 ](FAT=' Z+R]N<RYA9&]B92YC;VTO>&%P+S$N,"\B/CQX;7 Z0W)E871E
M1&%T93XR,#(P+3 R+3$S5# X.C4S.C(S+C$R-SPO>&UP.D-R96%T941A=&4^
M/"]R9&8Z1&5S8W)I<'1I;VX^/')D9CI$97-C<FEP=&EO;B!R9&8Z86)O=70]
M(G5U:60Z9F%F-6)D9#4M8F$S9"TQ,61A+6%D,S$M9#,S9#<U,3@R9C%B(B!X
M;6QN<SID8STB:'1T<#HO+W!U<FPN;W)G+V1C+V5L96UE;G1S+S$N,2\B/CQD
M8SIC<F5A=&]R/CQR9&8Z4V5Q('AM;&YS.G)D9CTB:'1T<#HO+W=W=RYW,RYO
M<F<O,3DY.2\P,B\R,BUR9&8M<WEN=&%X+6YS(R(^/')D9CIL:3Y!;F1R96$\
M+W)D9CIL:3X\+W)D9CI397$^#0H)"0D\+V1C.F-R96%T;W(^/"]R9&8Z1&5S
M8W)I<'1I;VX^/"]R9&8Z4D1&/CPO>#IX;7!M971A/@T*(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @( H@
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @"B @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" *(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @( H@(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @"B @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" *(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @( H@(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @"B @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" *(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @( H@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @"B @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" *(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @( H@(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @"B @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" *(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @( H@(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @"B @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" *(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @( H@(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @"B @(" @(" @(" @(" @(" @
M(" @(" @(" @(" \/WAP86-K970@96YD/2=W)S\^_]L 0P '!04&!00'!@4&
M" <'" H1"PH)"0H5#Q ,$1@5&AD8%1@7&QXG(1L=)1T7&"(N(B4H*2LL*QH@
M+S,O*C(G*BLJ_]L 0P$'" @*"0H4"PL4*AP8'"HJ*BHJ*BHJ*BHJ*BHJ*BHJ
M*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ_\  $0@ Q0#> P$B
M  (1 0,1 ?_$ !\   $% 0$! 0$!           ! @,$!08'" D*"__$ +40
M  (! P,"! ,%!00$   !?0$" P $$042(3%!!A-180<B<10R@9&A""-"L<$5
M4M'P)#-B<H()"A87&!D:)28G*"DJ-#4V-S@Y.D-$149'2$E*4U155E=865IC
M9&5F9VAI:G-T=79W>'EZ@X2%AH>(B8J2DY25EI>8F9JBHZ2EIJ>HJ:JRL[2U
MMK>XN;K"P\3%QL?(R<K2T]35UM?8V=KAXN/DY>;GZ.GJ\?+S]/7V]_CY^O_$
M !\!  ,! 0$! 0$! 0$        ! @,$!08'" D*"__$ +41  (! @0$ P0'
M!00$  $"=P ! @,1! 4A,08205$'87$3(C*!"!1"D:&QP0DC,U+P%6)RT0H6
M)#3A)?$7&!D:)B<H*2HU-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS
M='5V=WAY>H*#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#
MQ,7&Q\C)RM+3U-76U]C9VN+CY.7FY^CIZO+S]/7V]_CY^O_:  P# 0 "$0,1
M #\ ^D:*** "BO$_ OBW5D\)^+)-4U"ZN9H+/[1:R3S,Y3(=>"3Q\VVNN^$6
MI7UYX+NIM:O9KF:&^E1I;F4N5"JG&6/0<URT\3&HTDMSWL;DE7!PJ3E)/D:7
MK=7T]#OJ*X9_&NL^(;B6'P'I,=U;Q,4;4[YBD!8=D Y;ZBAK_P"(^E@SWNF:
M/JT"\O%8R/'*!WQNX/TJ_;QZ)M=['+_9=9:3E&,OY7))_/M\['<T5C^&O$^G
M^*-/:XL"Z21-LN+:9=LL#_W67M7F>EZAJ]IINF^(!KNI323:_P#8)K6><R0M
M$7(P%/0X'6B=>,4FM4RL/E=6JYPF^646E9KJ[M?EN>R45X_)XGU$:)\0[4:C
M="XT^]9[63SFWQ(9-NU3G( V]!ZU)KVMZK"?%?DZE=Q_9](LY(=L[#RW;;N9
M>>">Y%9_6HVO;^M?\CLCD-9RY7);K\>3_P"37W,]<HKS6/Q/>WFL^%KN"ZE$
M5SHL\\L.\['E5.K#H2&!K.\/:AJ4,?@C4I-7U"XFU>XG2\CGN6>.0<XPA.%Q
MQC %/ZS&]DOZT_S,_P"Q:JAS2DD]=/-<^G_DC^]'K=%>*IJ&J3>'-)UA];U1
M;K4-?-G,%NV"")BRE53.T8QP<<5IZ0EW8OXQO)_$&LW T/SH[>.>]9U;]TV"
MP[D'H>.:E8J[6G]6N:U,C<(R;J*ZTV>_,H_FT>KT5XC9^(-=C^#&MO=:G>?V
ME:WD.VX-PQD5)/*(&[.1P3^==?I*ZG8>--4\-PZO>WEN;".\@>]E\R2)M^&7
M?P<&JCB5*VF__!_R,Z^2SHJ;=1>ZVNNJ7+=_^3K\3OZ*KV,4T-C''<OYDJ@[
MF))SS[U8KJ1X,E9M(****!!1110 4444 %%%% !1110 4444 ?-<+O:Z)90)
MG_B>Z?\ 9!_O+>__ !.:ZN$RMX?N_#5I*T7]K^*I[261>"(1M+X_ #\,U2TK
M2_MVE_#B382$U&X5^.H$V_\ ]E-7DCFM='N?$,,+RC1_%EQ<3(J\F%MH<C]/
MUKPH1:5_)?=9-_F?JN*JQG+E6_-)_P#;W-*,/QBCV&RLK?3K&&SL85AMX$"1
MQJ.% J>HK6Z@OK.*ZM)%E@F0/&Z]&4C(-2U[BM;0_+)\W,^??J<'XB@7P[\1
M]"UNR_=+JTW]G7R+P)2P_=L?<'OZ 5PVDW%[)I^D6-]9>1HO_"2%_MZ.'9Y0
MYVILZJ">-W-=WXGE&O?$3P_H=IE_[-F_M*]<#B+:/W8)]23T]Q7(P CX=::[
M A8_%2NYQ]T>8>:\RJO?=MM?TN?=X"5L-3517DU%>:5ZG*_6VU[Z6TV.=UAS
MI^J>+KB5B(M3N;ZSQV$D<D<B_H370>(^OC'_ + MC_[+5+Q1IK7O@?Q7.L;%
MK+Q5-*"!_"V$/X<C\JN^(E)/C#"GG1K'''^[7/9J_P#721ZZJ1J>S:W32?RE
M1M^%BOX><VOB#3]$E_UNDVNHP\]2C+O0_DU;/@[7)K#2?!FGW.AP7-K=;EMK
M]Y07BDW-NPN"1CUR,U%/I,L?QD@GC0G^T=%9U('5_(*8^ORC\ZJ>&+^VOX_
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MHYI)4B19)<;W"X+8&!D]^*J_VA<_] B]_P"^X?\ XY1_:%S_ - B]_[[A_\
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M,\VZS(IY+C6H#+8O;;;>4!II$W'+1\*%<\<<DCCY>>>=.@"IJ;^7:(?,>/\
MTB ;HQR<RJ,=1P<X/L3UZ5;JIJ;^7:(?,>/_ $B ;HQR<RJ,=1P<X/L3UZ5;
MH ;+(D,3RRL$C12S,QP !U-8WA#Q-;>+_"]KK5FNR.<N"A/*E6*D'\L_C7DW
MQHB\7>%M+>\L_%=Q-H^H,;22TF5-Z[U;(!"\@@'T(KB_@Y+XKUG5F\/Z!XD?
M2;% UW.%16.,JK%01U^[WP*[(X=.DYW.65=JIRV/JBJ&NZM#H/A^_P!5N<>5
M9V[S,"<;MHR!]2>/QJ6WLWATP6CWEQ*X0J;AR/,)/?.,9_"OGGXUCQ;X:":?
M>^*)M1T;5=Q2"545P$*MM; Y )7D5C1IJI/EN:5:CA&]CZ"T75(=;T&QU2V_
MU5Y;I,HSG 90<?49Q5ZOG'X*#Q;XE5K"U\4S:?HVE;=T$2HTA#EF"KD< D'D
MYKZ),!-GY'G2YV;/-R-_3&[.,9[]**U-4Y<MQTJGM(WL5==U:'0?#]_JMSCR
MK.W>9@3C=M&0/J3Q^-+HNJ0ZWH-CJEM_JKRW291G. R@X^HSBOGWXUCQ;X:"
M:?>^*)M1T;5=Q2"545P$*MAL#D E>13O@H/%OB56L+3Q3-I^C:5MW01*C2$.
M68*N1P"0>3FMOJZ]ESW,O;OVG)8^CJ*;$GE0HA=I"J@;W.2WN?>O*_BW#XM\
M/:1<^(_#OBNXM[2$CSK.54(7<P4;#M]2.#7-"'/+EN;SERQO8[GPOXJL_%*Z
MFUB1C3[^6R?!SNV8PP]CGCZ5NU\@?#"]\3W'BA-#\+ZY_93ZDV9G8!@VQ6.<
M$')QNXXS7UCH^GSZ9IL=O=ZC<:C,O+W%QM#,?H  ![5MB**I2LF94:KJ1U1>
MHHHKF.@J:LGF:+?)Y;R[K>0>7&?F?Y3P.#R?H:MU4U9/,T6^3RWEW6\@\N,_
M,_RG@<'D_0U;H S[37=.O=3ET^VG9KF-6<JT3JK*K;6*L0%< D [2<$X-)J&
MO6&EWMI:WK3K+>2".#9:RR*S'/R[E4J#@$X)' )Z"L:![VY\827FEM=2VL=G
M)$]O?V;6T4+@KL$3M&&(8ABQ&\8 ST058\0PW-[X,O/[5M/*NXU\R!=.9[ET
ME4@QLA\L-N# ?P\?3- &M::K:WM]=6EOYYEM&V3;[:1%!P#@.RA6X(/!/!![
MU<KC=3_M%_ =@VE?;(9)98VOF^S2^>%)_>MY:E),[N2$(.,[>PKG]2?7;>PT
MY(9]=N9+=/,2Z6VND\T>?]PPH2=P0#F9CE0/E)8D 'J+NL:,[L%51EF)P /6
MJ#:YIXO[>R$S/=7""188XG=E0]&< '8O;+8&>*YG1[>YOKC5?M$VLRM<:@T"
M&\66.-+8@,=J%53!V.H;&?F SSS!'8ZA;^+)Y;9-2749-4,LC$R"TFM-F!N;
M!CX&U<??!7@8SD [2/4;274YM/CG5KN"-)98AG**Q(4GMSM/'7\Q5FN,\.6.
MMVOC:\EU2PMHUETZ$374-P\BR2>;,3@F)03\WW<_*NSKGCLZ *D@_P")U;':
MA_T>;YBWS#YH^ ,\CU.#C Y&>;=5)!_Q.K8[4/\ H\WS%OF'S1\ 9Y'J<'&!
MR,\VZ *FIOY=HA\QX_\ 2(!NC')S*HQU'!S@^Q/7I5NJFIOY=HA\QX_](@&Z
M,<G,JC'4<'.#[$]>E6Z .;\2>"=-\6ZMIUQKN;FST_<\=D>(Y)&Q\S_W@
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MY&&\)&N5!8'KDY;/:MK0=*N[2_OM1U&.UM[B\2&,P6;EXT$:D [BJDD[O3@
M#FMRB@"I(/\ B=6QVH?]'F^8M\P^:/@#/(]3@XP.1GFW520?\3JV.U#_ */-
M\Q;YA\T? &>1ZG!Q@<C/-N@"IJ;,EEO4SC;+$Q\A"[$"121@<D8SGVSP>E,_
MMBV_YY7O_@#-_P#$5>HH H_VQ;?\\KW_ , 9O_B*/[8MO^>5[_X S?\ Q%7J
M* */]L6W_/*]_P# &;_XBC^V+;_GE>_^ ,W_ ,15ZB@"C_;%M_SRO?\ P!F_
M^(H_MBV_YY7O_@#-_P#$5>HH H_VQ;?\\KW_ , 9O_B*/[8MO^>5[_X S?\
MQ%7J* */]L6W_/*]_P# &;_XBC^V+;_GE>_^ ,W_ ,15ZB@"C_;%M_SRO?\
MP!F_^(H_MBV_YY7O_@#-_P#$5>HH H_VQ;?\\KW_ , 9O_B*/[8MO^>5[_X
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K 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 ?_V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
