Golden Predator Announces Exercise of Warrants
VANCOUVER, British Columbia, May 29, 2018 (GLOBE NEWSWIRE) -- Golden Predator Mining Corp. (TSX.V:GPY) (OTCQX:NTGSF) (the “Company” or “Golden Predator”) announced today that all outstanding warrants and broker warrants issued pursuant to a private placement, which closed on May 24, 2016, have been exercised. The Company holds over $10mm in cash including the proceeds from the exercise of the warrants, and is fully-funded for planned 2018 exploration programs budgeted for $5.5 million.
Included in the exercise is 1,900,000 warrants exercised by Executive Chairman William Sheriff, who subsequent to the transaction holds 12,890,300 common shares which represents 9.88% of the current issued and outstanding common shares of the Company.
Golden Predator Mining Corp. is a gold exploration company focused on advancing key projects with significant exploration upside, good infrastructure and community support. The 3 Aces Project is a district-scale opportunity in southeast Yukon with an orogenic gold target covering 357 km2 (35,700 ha). Exploration has focused on the 13.5 km2 Central Core Area, a broad gold-in-soil anomaly, where numerous orogenic gold-bearing quartz veins have been discovered. The Company is now developing strategies to establish continuity between the Central Core Area and other mineralized zones along the 40km strike of the 3 Aces property. The Company also holds 100% of the advanced Brewery Creek Project in Yukon, Canada, a past-producing brownfields project with a 43-101 compliant resource.
For additional information:
Janet Lee-Sheriff
Chief Executive Officer
(604) 260-0289
info@goldenpredator.com
www.goldenpredator.com
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The securities referenced in this news release have not and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.