Golden Predator Chairman Increases Holdings to 31%
Vancouver, British Columbia (FSCwire) - Golden Predator Mining Corp. (TSX.V: GPY) (the “Company” or “Golden Predator”) announces that William M. Sheriff, Chairman of the Company, has, on October 31st, 2015, increased his ownership in the Company by exercising options to acquire, from Till Capital Ltd. an additional 800,000 Class A common shares (the “Shares”) at a deemed price of CDN$0.12 per Share. These shares are in addition to 500,000 shares acquired at an exercise price of CDN$0.11 per Share on Sept. 30, 2015. As a result of this acquisition, Mr. Sheriff holds and has control over, as of the date hereof, an aggregate of 9,834,000 Shares of the Company, representing approximately 31.05% of the Company’s issued and outstanding Shares.
Mr. Sheriff continues to hold options to acquire the remainder of Till’s 10,512,154 shares through March 2017. The Company wishes to clarify that the execution of any and all assignment of options between William Sheriff and Till are an acquisition of existing stock and do not increase the outstanding shares. The outstanding Class A common shares of the Company remain at 31,670,250 shares as reported in the 2014 Year End Financial Statements.
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
(214)304-9552
info@goldenpredator.com
www.goldenpredator.com
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.
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public://news_release_pdf/GoldenPredatorNov102015.pdf
Source: Golden Predator Mining Corp. (TSX Venture:GPY) http://www.goldenpredator.com
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