Golden Predator Announces $6 Million Private Placement; Eric Sprott to Purchase 5 Million Shares
Press Release
Vancouver, British Columbia, July 5, 2019: Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company”) is pleased to announce a proposed private placement of up to 8 million charity flow-through shares at a price of $0.45 per share. The Company is also offering up to 4 million traditional flow through shares at $0.38 per share and up to 3 million non-flow-through shares at a price of $0.32 per share. Combined gross proceeds of the offerings totals up to $6.08 million. Eric Sprott has agreed to acquire 5 million shares sold through the offering, which would increase his total ownership to 13 million shares of the Company. No warrants will be issued.
The Company has engaged Canaccord Genuity Corp., Clarus Securities Inc. and PowerOne Capital Markets Limited as financial advisors in connection with the offerings. The Company will pay fees to certain finders on a portion of the offerings.
The proceeds of the private placement will be applied to the Company’s Brewery Creek and 3 Aces projects and general working capital. Closing of the private placement is subject to TSX Venture Exchange approval.
Golden Predator Mining Corp.
Golden Predator is advancing the past-producing Brewery Creek Gold Mine towards a timely resumption of mining activities, under its valid Quartz Mining and Water Licenses, in Canada’s Yukon. With established resources grading more than 1.0 g/t Gold and low capex to production in a safe first world jurisdiction, Brewery Creek has a clear path to production as an economically and environmentally proven project. Optimization studies are progressing to enhance the already positive multi-phase project economics described in the 2014 Preliminary Economic Assessment(1). Drilling continues to expand the numerous open ended resources and untested targets across the 186 km2 brownfield property. At 3 Aces, Golden Predator continues to expand on discoveries of native gold in quartz veins while ongoing bulk sampling and processing at our 50 tpd Company-owned processing plant has demonstrated gold recoveries of over 85% using a chemical-free process. This green gold provides the gold for the mintage of .9999 gold coins from the Yukon Mint™, a wholly-owned subsidiary of Golden Predator.
For additional information:
Janet Lee-Sheriff
Chief Executive Officer
(604)260-8435
info@goldenpredator.com
www.goldenpredator.com
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