Golden Predator Completes First Note Payable Payment
Hayden, Idaho (FSCwire) - Golden Predator Mining Corp. (TSX.V: GPY) (the “Company” or “Golden Predator”) announces that as of April 17th, 2015 the Company will issue to Till Capital Ltd. a total of 3,948,571 shares at a value of $0.35 per share for a total payment of CDN$1,382,000 as per the Agreement announced on December 17, 2013(1). Golden Predator’s total shares issued and outstanding will now stand at 31,670,250.
Under the terms of the Agreement among the parties, Golden Predator (previously Northern Tiger Resources Inc.) acquired the balance of Till Capital Ltd.’s Yukon mineral properties, including the Brewery Creek Project and Till Capital Ltd.’s accumulated tax losses, for 1,571,429 shares of common stock, a note payable equal to $4,700,000 bearing interest at 6% per annum payable over a period of three years and a royalty interest in each of the Company’s properties held at April 17, 2014. The transaction is subject to receipt of final TSX Venture Exchange approval.
Golden Predator Mining Corp.
Golden Predator Mining Corp. holds the Brewery Creek project, a past producing heap leach gold mine with a preliminary economic assessment delivered in Q4 2014. The Company also holds the 3 Aces gold project in the Yukon which it continues to delineate and test, and the Castle West project in Nevada.
For additional information:
Janet Lee-Sheriff
Chief Executive Officer
(208) 635-5415
info@goldenpredator.com
www.goldenpredator.com
- Northern Tiger News Release dated December 17, 2013
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance. There are numerous risks and uncertainties that could cause actual results and the Company’s plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/goldenpred04212015.pdf
Source: Golden Predator Mining Corp. (TSX Venture:GPY) http://www.goldenpredator.com
Maximum News Dissemination by FSCwire. http://www.fscwire.com
Copyright © 2015 Filing Services Canada Inc.
