100% of expiring warrants exercised for proceeds of $13.9 MM
TSX: GPD
www.goldenpredator.com
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
Warrants
|
Exercise Price |
Net Proceeds |
Per Cent
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 |
|
Expiring warrantsGolden 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."
