2014-03-17 21:40:18 -
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Reno, Nevada US, March 17, 2014 /FSC/ - Silver Predator Corp. (SPD - TSX Venture), (the "Company") is pleased to announce the close of a non-brokered private placement of 4,580,131 common shares at $0.06 per share for proceeds of $274,808.
Americas Bullion Royalty Corp. ("AMB") acquired the shares, as originally announced on October 25, 2013 and March 10, 2014. AMB is an insider and control person of the Company, as defined by the TSX Venture Exchange, and on completion of the financing, now holds directly and indirectly 30,056,666 shares, or approximately 41.46% of the Company's issued and outstanding shares.
The shares issued are subject to
a hold period expiring four months plus one day from the date of issuance.
The proceeds from the private placement will be used for exploration of the Company's mineral properties and for general working capital purposes.
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
(775) 525 2593
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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 Predators' 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, please click on the following link:
Source: Silver Predator Corp. (TSX: SPD) www.silverpredator.com/
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