Golden Predator appoints financial advisor
WHITEHORSE, YT, Feb. 11, 2013 /PRNewswire/ – Golden Predator Corp. (TSX: GPD) (the “Company”) announced today that it has retained Raymond James
Ltd. (‘Raymond James’) as financial advisor to the Company in
connection with its royalty portfolio including providing an analysis
of the strategic alternatives available to the Company with a view to
identify one or more accretive transactions. This would include any
possible business combination or the acquisition of new royalties and
any potential financing.
The Company does not intend to disclose developments with respect to the
strategic review process unless and until its Board of Directors has
approved a definitive transaction or other course of action or
otherwise deems that disclosure of developments is appropriate. There
can be no assurance that any transaction will occur, or if a
transaction is undertaken, as to its terms or timing.
“Golden Predator owns significant assets, highlighted by the royalty
division that holds 34 individual royalty interests primarily in
Nevada, that receive little value in our share price,” said William M.
Sheriff, Chairman & CEO. “The lack of appreciation by the market of
these royalty assets, in addition to the Company’s Brewery Creek
Project, form the rationale behind the recently announced name change
to Americas Bullion Royalty Corp and the proposed spin-out of the
exploration and development package. We are looking forward to working
with Raymond James to bring full valuation to the Company’s extensive
About Raymond James Ltd.
Raymond James is one of North America’s leading full-service investment
dealers with an extensive presence across Canada and the United States.
Raymond James Ltd. is the Canadian subsidiary of Raymond James
Financial, Inc. Established in 1962, Raymond James Financial, Inc. made
its initial public offering in 1983 and is listed on the New York Stock
Exchange using the ticker symbol RJF. Raymond James Ltd.’s Investment
Banking team is focused on serving the financial and advisory needs of
Canadian mid-market growth companies in market sectors covered by our
equity research team. With over 100 investment banking professionals
across North America, Raymond James is committed to establishing and
maintaining long-term relationships with our corporate clients.
About Golden Predator Corp.
Golden Predator Corp. announced on January 18, 2013 a planned change of
name in order to focus entirely on royalty and streaming by building on
its existing portfolio of 34 projects. Golden Predator Canada Corp.
will continue to advance the Brewery Creek Project as a separate entity
to be divested to shareholders by spin-out or similar transaction.
Americas Bullion Royalty Corp. will focus on royalty and streaming
assets providing revenue as well as lower risk exposure to shareholders
through project diversity in first world jurisdictions. The Company’s
existing portfolio is highlighted by Gross in-kind Royalties on Midway
Gold’s Pan and Gold Rock deposits, as well as 2 separate projects
encompassing more than 34 square miles at Barrick’s Bald Mountain
project in Nevada.
The Company holds additional royalties including a Net Smelter Royalty
on the Taylor Silver project and a portion of the Tonkin Springs
project also in Nevada. The entire package comprises more than 100,000
acres located primarily in Nevada, with 7 of the projects located in
Wyoming, Oregon, California and Mexico. Current royalty revenue is
anticipated to experience acceleration as early as 2014 as several of
these projects begin to advance. As Americas Bullion Royalty Corp., the
Company’s royalty portfolio is unique in the mineral development
industry due to its ability to receive the majority of projected
revenues in-kind (gold bullion as opposed to cash).
Golden Predator Canada Corp. will remain the Yukon’s Gold Company, and will be mandated to become the Yukon’s next gold producer by
advancing its 100% owned Brewery Creek Project with a production goal
of 2014. The Company has an extensive exploration portfolio in the
Yukon including advanced road accessible assets at Clear Creek, Grew
Creek and Gold Dome along with the Cache Creek and Rogue projects in
the Selwyn Basin. Golden Predator Canada Corp. will continue to have
one of the largest controlled land positions in the Yukon, and is proud
of their demonstrated commitment to strong relationships with First
Nations and local communities.
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
Golden Predator’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, Golden Predator assumes no
obligation to update forward-looking information should circumstances
or management’s estimates or opinions change.
SOURCE Golden Predator Corp.