Golden Predator: 100% of expiring warrants exercised for proceeds of $13.9 MM
posted on
Sep 13, 2011 04:28PM
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http://finance.yahoo.com/news/100-expiring-warrants-cnw-3171533681.html?x=0&.v=1
VANCOUVER , Sept. 12, 2011 /CNW/ - Golden Predator Corp. (Toronto:GPD.TO) (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 |
Golden 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."
About Golden Predator Corp.
Golden Predator Corp., Yukon's Gold Company, is a well-funded exploration company mandated to create a mid-tier gold producer. Golden Predator's road-accessible advanced properties include its flagship Brewery Creek Project on which the Company is moving aggressively to a near term production decision, as well as its Grew Creek and Clear Creek Projects.
Golden Predator has the largest controlled land position in the Yukon, with exploration holdings in excess of 1,400,000 acres (over 5,700 km2), and is committed to strong relationships with Yukon communities and First Nations. Golden Predator's management and technical teams continue to lead aggressive exploration programs in the underexplored region of the Yukon, and are driven to bring value to shareholders and leave a positive legacy in the Yukon.
FANTOMAS