/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES AND NOT FOR DISSEMINATION IN THE UNITED STATES/
TORONTO, May 27, 2016 /CNW/ - FCMI Parent Co. ("FCMI Parent") announced that on May 25, 2016, pursuant to a private placement, it acquired beneficial ownership and control over 4,000,000 units of Golden Predator Mining Corp. (the "Issuer") at a price of $0.16 per unit for an aggregate purchase price of $640,000. Each unit consists of one common share of the Issuer (a "Share") and one Share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder to acquire one Share at a price of $0.21 for a period of two years from the date of issue.
As a result of the private placement, FCMI Parent now has beneficial ownership and control over 4,000,000 Shares and 4,000,000 Warrants, which represents a securityholding percentage of approximately 11.3% of the issued and outstanding Shares, assuming exercise of the Warrants in full.
FCMI Parent is ultimately beneficially owned and controlled by Albert D. Friedberg and members of his immediate family.
The securities were acquired for investment purposes. Other than in connection with the potential exercise of the Warrants, FCMI Parent has no present intention to acquire or dispose of securities of the Issuer. However, FCMI Parent or any of its joint actors may, in the future and subject to applicable law, acquire or dispose of Shares or other securities of the Issuer depending upon a number of factors, including but not limited to general market and economic conditions and other available investment opportunities.
An early warning report respecting this acquisition will be electronically filed with the applicable securities commission in each jurisdiction where the Issuer is reporting and will be available at www.sedar.com.
FCMI Parent Co.
BCE Place, 181 Bay Street
SOURCE FCMI Parent Co.
For further information: or to obtain copy of the early warning report, please contact Dan Scheiner at (416) 350-2924.