Golden Predator Corp
TSX : GPD

Golden Predator Corp

March 08, 2011 10:41 ET

Golden Predator Completes $22.7 Million Bought Deal Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 8, 2011) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Golden Predator Corp. (TSX:GPD) (the "Company") is pleased to announce that it has closed its previously announced bought deal private placement offering. The Company sold a total of 16,675,000 Flow-Through Shares at a price of $0.90 per Flow-Through Share and 10,350,000 Units at a price of $0.75 per Unit, for gross proceeds to the Company of $22,770,000, including the exercise of the Underwriters' option of $2,970,000. Each Unit consists of one Share and one half of one transferable common Share Purchase Warrant, with each whole Share Purchase Warrant being exercisable into one further Share of the Company at a price of $1.10 until September 8, 2012. 

The Offering was underwritten by Dundee Securities Ltd. and Casimir Capital Ltd. as co-underwriters. In consideration for their services, the Underwriters received cash commissions of 6% and 605,040 non-transferable underwriter warrants having the same terms as the Share Purchase Warrants.

The proceeds of the Offering will be used for exploration and development on the Company's Yukon gold properties and for general corporate purposes.

About Golden Predator Corp.

Golden Predator Corp.'s mandate is to be the leading gold property explorer and developer in Yukon, Canada. The Company has a vast Yukon property position with three advanced gold projects, 6 pipeline prospects as well as exploration landholdings comprising over 2,000 km2. The 2011 winter drilling program has commenced at the Brewery Creek and Grew Creek projects. In 2011 the Company will continue aggressive drill programs and work towards completing initial resource estimates for Grew Creek and Clear Creek and updating the existing resource estimate for Brewery Creek, in addition to conducting initial drilling at the recently acquired Harlan project.

This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance. There are numerous risks and uncertainties that could cause actual results and Golden Predator's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, Golden Predator assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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