VANCOUVER, June 28, 2012 /CNW/ - Golden Predator Corp. ("Golden Predator") (TSX:GPD), and Seabridge Gold Inc. ("Seabridge") (TSX:SEA; NYSE: SA) are pleased to announce the closing of the
previously announced transactions pursuant to which Golden Predator and
Seabridge contributed an industry-leading portfolio of US gold assets
to Wolfpack Gold Corp. ("Wolfpack") (the "Transactions").
Golden Predator and Seabridge both seek to focus on their advanced
Canadian assets and as such contributed select US gold properties to
Wolfpack to create value from undervalued assets, and create a premier
gold exploration and development company with its principal projects in
Wolfpack Property Portfolio
Golden Predator and Seabridge contributed to Wolfpack a total of 5
advanced stage properties, 3 development properties and a portfolio of
exploration stage properties collectively comprising over 29,000
hectares of land, with Golden Predator's Adelaide Property and
Seabridge's Castle Black Rock Property being the most advanced.
Please refer to the news release dated June 22, 2011 for a more detailed
description of the properties contributed and the news release dated
June 7, 2012 for a more detailed description of the transactions with
Golden Predator and Seabridge.
Wolfpack's corporate mandate is to explore and develop commercially
viable gold resources in the leading gold district of Nevada, USA.
Wolfpack will focus on both high grade underground and bulk tonnage open
pit opportunities. Proven management plus access to unparalleled
geological talent and extensive experience in Nevada provide the
ability to maximize shareholder value from Wolfpack's quality asset
No stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained herein. 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 to
differ materially from those expressed in the forward-looking
information. These and all subsequent written and oral forward-looking
information are based on estimates and opinions on the dates they are
made and are expressly qualified in their entirety by this notice.
Except as required by law, the companies assume no obligation to update
forward-looking information should circumstances or management's
estimates or opinions change.
SOURCE Golden Predator Corp.
For further information:
Wolfpack Gold Corp.
Nathan A Tewalt, CEO
Golden Predator Corp.
William M. Sheriff, Chairman & CEO
Seabridge Gold Inc.
Rudi Fronk, President & CEO