Golden Predator Mining arranges $15-million bought deal

Golden Predator Mining Corp. (TSXV:GPY). today entered into an agreement with Clarus Securities Inc., as lead underwriter, and GMP Securities LP, under which the underwriters have agreed to purchase, on a bought deal basis, or alternatively to arrange for the purchase of, as agent for substituted purchasers, a combination of 6.25 million common shares and 2,703,000 flow-through common shares for aggregate gross proceeds of $15,000,550. The common shares will be priced at $1.60 per common share, and the flow-through shares will be priced at $1.85 per flow-through share. The company has also granted to the underwriters an overallotment option to purchase an additional 937,500 common shares and an additional 405,450 flow-through shares on the same terms as the offering for a period ending 30 days following the closing of the offering. In the event the overallotment option is exercised in full, the aggregate gross proceeds of the offering will be $17,250,633.
The securities will be offered in the provinces of British Columbia, Alberta and Ontario by short form prospectus, and in such other jurisdictions, including the United States and in those jurisdictions outside of Canada which are agreed to by the company and the underwriters, where the common shares can be issued on a private placement basis, exempt from any prospectus, registration or other similar requirements.
The offering is expected to close on or about March 17, 2017, subject to customary conditions and all regulatory approvals, including the approval of the TSX Venture Exchange.
In connection with the offering, PowerOne Capital Markets Ltd. has been appointed as a special adviser to the company.
The proceeds raised from the offering will be used by the company to finance qualified Canadian exploration expenditures as defined in the Income Tax Act (Canada). The proceeds raised from the offering will be used by the company for exploration and for general corporate purposes.
About Golden Predator Mining Corp.
Golden Predator Mining, a well-financed Canadian gold mineral exploration company, is expanding surface discoveries at its 3 Aces project in Canada’s Yukon through focused drilling. The 3 Aces property is a high-grade gold-in-quartz project with an exploration program under way that includes sampling, trenching, drilling and bulk sampling to define and interpret the project. The company also holds the Brewery Creek project in Canada’s Yukon.
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