Golden Predator Closes $6,675,000 Private Placement
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VANCOUVER, Nov. 5 /CNW/ - Golden Predator Corp. (TSX: GPD) (the "Company") is pleased to announce that it closed the private placement (the "Offering") announced October 26, 2010 with Casimir Capital LP (the "Agent").
The Company has issued 11,125,000 units (the "Units") at a price of
.60 per Unit for gross proceeds to the Company of $6,675,000. Each Unit consists of one common share of the Company and one half of one non-transferable share purchase warrant. Each full warrant will entitle the holder to purchase an additional common share of the Company at a price of
.80 until November 4, 2012.
The Agent received a cash commission of 6% of the gross proceeds of the Offering, and 667,500 broker warrants having the same terms as the warrants issued in the Offering.
The Company intends to use the proceeds from the Offering to fund exploration of the Company's Yukon gold projects and for general working capital purposes.
About Golden Predator Corp.
Golden Predator Corp.'s corporate mandate is to be the leading gold property explorer and developer in Yukon, Canada. The Company has an extensive Yukon property position with an industry leading seven advanced exploration gold projects comprising approximately 1,400 km(2). Drill programs have been initiated on all seven advanced projects and continue at the Brewery Creek project. Additional results from these programs are pending.
