100% of expiring warrants exercised for proceeds of $13.9 MM
VANCOUVER, Sept. 12, 2011 /PRNewswire/ – Golden Predator Corp. (TSX:GPD) (the “Company”) is pleased to announce the following share
purchase warrant exercises:
_____________________________________________________________________ |Expiry Date |Number of |Exercise Price|Net Proceeds|Per Cent | | |Warrants | | |Exercised| |_________________|_____________|______________|____________|_________| |August 16, 2011 | 3,092,000 |$0.80 |$2,473,600 |100% | |_________________|_____________|______________|____________|_________| |August 21, 2011 | 100,000|$0.90 |$90,000 |100% | |_________________|_____________|______________|____________|_________| |September 9, 2011| 13,471,429 |$0.84 |$11,316,000 |100% | |_________________|_____________|______________|____________|_________| | | | |$13,879,600 | | |_________________|_____________|______________|____________|_________|
Golden Predator Chairman & Chief Executive Officer William M. Sheriff
said: ”With the $13.9 MM realized from the exercise of these warrants,
and the $5.75 MM received on the sale of our Tonkin Spring interest to
US Gold in July, our treasury now sits at $30.1 MM in cash and
equivalents. These funds are sufficient to meet our anticipated
exploration needs through the remainder of 2011 and all of 2012, as we
continue the strategic development of our Yukon assets.”
About Golden Predator Corp.
Golden Predator Corp., Yukon’s Gold Company, is a well-funded exploration company mandated to create a mid-tier gold
producer. Golden Predator’s road-accessible advanced properties
include its flagship Brewery Creek Project on which the Company is
moving aggressively to a near term production decision, as well as its
Grew Creek and Clear Creek Projects.
Golden Predator has the largest controlled land position in the Yukon,
with exploration holdings in excess of 1,400,000 acres (over 5,700 km(2)), and is committed to strong relationships with Yukon communities and
First Nations. Golden Predator’s management and technical teams
continue to lead aggressive exploration programs in the underexplored
region of the Yukon, and are driven to bring value to shareholders and
leave a positive legacy in the Yukon.
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.