2013-10-25 15:36:30 -
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Vancouver, British Columbia, October 25, 2013 /FSC/ - Silver Predator Corp. (SPD - TSX),is pleased to announce a non-brokered private placement of up to 8,000,000 common shares at $0.05 per common share to raise proceeds of up to $400,000. The offering is open to participation on a priority basis by existing shareholders that meet eligibility requirements under applicable securities laws, including meeting the Canadian accredited investor definition.
The proceeds from the private placement will be used for drilling on the Company's Copper King-Sonora Silver property in the Coeur d' Alene mining district, Idaho and for general corporate purposes.
Americas Bullion Royalty Corp. has indicated that
it will, at a minimum, maintain its percentage interest in the company by participating in the private placement.
About Silver Predator Corp.
Silver Predator's corporate mandate is to advance the previously operated Nevada-based Taylor project towards production. The Taylor project hosts a NI 43-101-compliant resource estimate, open to expansion, and has potential to be a near-term producing asset. Current ongoing exploration in the surrounding district 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 towards production.
For additional information:
William M. Sheriff, Chairman
(208) 635 5415
Nathan A. Tewalt, Chief Executive Officer
(775) 284 1271
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 Silver 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, Silver Predator assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.
To view the press release as a PDF file, please click on the following link:
Source: Silver Predator Corp. (TSX: SPD) www.silverpredator.com/
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