TORONTO, ONTARIO--(Marketwired - Jan. 26, 2018) - Golden Predator Mining Corp. (TSX VENTURE:GPY) (the "Company") is pleased to announce today that, due to strong demand, it has agreed with Clarus Securities Inc. ("Clarus", or the "Underwriter") to increase the size of its previously announced C$7,000,630 flow-through unit offering. Pursuant to the upsized deal terms, Clarus has agreed to purchase or arrange substituted purchasers for 8,792,000 flow-through units (the "Flow-Through Share Units") of the Company at a price of $0.91 per unit to raise gross proceeds of $8,000,720 pursuant to a short-form prospectus financing (the "Offering"). Each Flow-Through Share Unit will consist of one Class A common share (a "Common Share") and one-half of one Common Share purchase warrant, exercisable at $1.00 per common share. The Flow-Through Share Units will be issued on a "flow-through" basis for purposes of the Income Tax Act (Canada).
The Company has also agreed to grant the Underwriters an over-allotment option to purchase up to 1,318,800 additional Flow-Through Share Units at the Offering Price, exercisable in whole or in part, for a period ending 30 days from and including the Closing Date. In the event the over-allotment option is exercised in full, the aggregate gross proceeds of the Offering will be approximately C$9,200,828.
The Units will be offered in the provinces of British Columbia, Alberta, Ontario, and the Yukon territory by short form prospectus.
In connection with the Offering, PowerOne Capital Markets Limited has been appointed as special advisor to the Company.
The proceeds raised from the sale of Flow-Through Share Units under the Offering will be used by the Company to finance qualified Canadian exploration expenditures as defined in the Income Tax Act (Canada).
The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.
ABOUT GOLDEN PREDATOR MINING
Golden Predator Mining Corp. is a gold exploration company focused on its district scale, orogenic gold-in-quartz 3 Aces Project in Canada's Yukon. The Company also holds 100% of the advanced Brewery Creek Project in Yukon, Canada. With proven management and an experienced technical team, the Company is well positioned for growth.
