YUKON – Due to increased investor interest, Golden Predator Mining Corp. of Vancouver increased its recent private placement to $16.7 million from $13.8 million. The offering now consists of 10.55 million non-flow-through units at a price of $0.73 each ($7.7 million) and 9.0 million flow-through units at a price of $1.00 each.
The financing is brokered by a consortium of investment firms including Clarus Securities and PowerOne Capital Markets. Each full warrant will entitle the holder to purchase one additional common share of Golden Predator at a price of $1.00 per share for a period of two years from the closing date. The expiry date of the warrants can be accelerated if the under certain conditions.
Proceeds of the offering will be applied to the Brewery Creek and 3 Aces gold projects. Brewery Creek, 55 km east of Dawson, has a positive preliminary economic assessment that proposes heap leaching material from the former producer. 3 Aces is a new high grade gold discovery 160 km north of Watson Lake where gold anomalies have been identified over 9 km2, and grab samples tested as high as 4,820 g/t Au.
Further information about both projects is posted at www.GoldenPredator.com.