Golden Predator Mining closes $17.25M bought deal

Vancouver (pcJ News Briefs) – Golden Predator Mining Corp. (TSX-V: GPY; OTCQX: NTGSF) has closed previously announced bought deal offering of 7,187,500 Class A common shares, including exercise in full of the underwriters’ over-allotment option, at a price of $1.60 per share and 3,108,450 flow-through Class A common shares at $1.85 per FT share for aggregate gross proceeds of $17,250,633.

The offering was made through an underwriting syndicate led by Clarus Securities Inc. as lead underwriter, including GMP Securities L.P.

Golden Predator Mining paid a 6.9% commission and also issued 251,562 share purchase warrants to the underwriters. PowerOne Capital Markets Limited also acted as a special advisor to the company.

Golden Predator Mining intends to use net proceeds to fund further exploration of the 3 Aces Project and working capital requirements or for other general corporate purposes. The proceeds raised from the sale of the Flow-Through shares will be used to finance qualified Canadian exploration expenses as defined in the Income Tax Act (Canada).

Golden Predator Mining Corp., a well-financed Canadian gold mineral exploration company, is expanding surface discoveries, at its 3 Aces project in Yukon, through focused drilling. The 3 Aces property is a high-grade gold in quartz project with an exploration program underway that includes sampling, trenching, drilling and bulk sampling to define and interpret the project. The company also holds the Brewery Creek project in Yukon.


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