EMC Metals Corp.
TSX : EMC

EMC Metals Corp.
Golden Predator Royalty & Development Corp.

Golden Predator Royalty & Development Corp.

April 28, 2009 12:40 ET

Golden Predator Closes $1.38 Million Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 28, 2009) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWSWIRE SERVICES

Golden Predator Royalty & Development Corp. (GPD) announces the closing of its previously announced non-brokered private placement offering (see press release dated April 24, 2009) of a total 2,760,000 units at $0.50 per unit for proceeds of $1,380,000. The Company is now well funded with approximately $4.9 million in cash and no debt. Trading in the shares of the Company on the TSX Venture Exchange under the symbol GPD is anticipated to commence within the next few days, upon final regulatory approval.

Company funds will be utilized to mount an aggressive spring 2009 drilling campaign at several of the Company's advanced, bonanza style gold and silver targets in Nevada and surrounding States.

About the Private Placement

Each unit will consist of a share and a half warrant. Each whole warrant may be exercised for a period of one year from the date GPD is listed on a Canadian stock exchange to acquire one additional share at exercise prices of $0.60 per share for the first 3 months from the listing date, and thereafter at $0.65, $0.75 and $0.90 per share for each subsequent 3 month period, subject to a maximum exercise period expiring September 6, 2010.

About Golden Predator Royalty & Development Corp.

The company is focused on becoming a mid-tier precious metals producer in Nevada through the strategic use of its Taylor milling facility near Ely, NV and through a facilities use agreement at the Springer Facility with its sister company, EMC Metals Corp. Golden Predator is moving forward on several of its gold and silver projects in 2009 with the mandate to identify one or more properties for near term production of small-tonnage high grade opportunities. In addition, the company is partially self-financed through its passive royalty stream from a portfolio of properties that are anticipated to yield approximately $1.2 million at current gold prices for 2009.

This press release does not constitute an offer of securities in the United States. The securities referenced herein have not been and will not be registered under any federal or state securities law of the United States, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this press release.

Contact Information

  • Golden Predator Royalty & Development Corp.
    William Sheriff
    Chairman
    (972) 333-2214
    or
    Golden Predator Royalty & Development Corp.
    Steve Vanry
    President
    (604) 648-4660