Silver Predator Amends Private Placement; Announces Transfer to TSX Venture Exchange
PR-Inside.com: 2014-03-10 20:56:59
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Vancouver, British columbia, March 10, 2014 /FSC/ - Silver Predator Corp. (SPD - TSX),(the "Company") announces that it has amended the terms of the second tranche of a non-brokered private placement subscribed for by Americas Bullion Royalty Corp. ("AMB"), which financing the Company originally announced on October 25, 2013.
The second tranche of 4,580,131 shares will be issued at $0.06 per share to raise gross proceeds of $274,808. Completion of the financing is subject to TSX Venture Exchange approval.
AMB is an insider and control person of the Company, as defined by the TSX Venture Exchange. On completion of the financing, AMB will hold directly and indirectly 30,056,666 shares, or approximately 41.46% of the Company's issued and outstanding shares.
The proceeds from the private placement will be used for exploration of the Company's mineral properties and for general working capital purposes.
The Company will commence trading on the TSX Venture Exchange under its existing symbol, "SPD" at the market opening on March 13th. The Company will ceased-list from trading on the Toronto Stock Exchange effective at the close of business on March 12th.
About Silver Predator Corp.
Silver Predator's corporate mandate is to advance the previously operated Nevada-based Taylor project. The Taylor project hosts a current resource estimate, is open to expansion, and is located in a district that has identified the potential for discovery of additional silver and gold deposits. With quality assets in a world-class jurisdiction, and an exploration team with a history of success in Nevada, Silver Predator is positioned to advance new and existing discoveries.
For additional information:
William M. Sheriff, Chairman
(208) 635 5415
Nathan A. Tewalt, Chief Executive Officer
Neither the Toronto Stock Exchange nor TSX Venture Exchange or its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation; statements about the terms and completion of the financing are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: failure to obtain stock exchange regulatory approval and the additional risks identified in the management discussion and analysis section of the Company's interim and most recent annual financial statement or other reports and filings with applicable Canadian securities regulators. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the respective companies undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.
To view the press release as a PDF, please click on the following link:
Source: Silver Predator Corp. (TSX: SPD) www.silverpredator.com/
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