WHITEHORSE, YT, Feb. 7, 2013 /CNW/ - Golden Predator Corp. (TSX: GPD) (the "Company") announces that as a result of the recent trading
volume in the stock and pending reorganization, Golden Predator's Board
of Directors is investigating various alternatives to protect
shareholder value including but not limited to the possible
implementation of a Shareholder Rights Plan ("Rights Plan"). The Rights
Plan would also be subject to the approval of the Toronto Stock
Exchange and approval by a majority of the Company's shareholders at a
meeting intended to be held in connection with the previously announced
spinoff of the Company's exploration and development projects in the
Yukon. The Company also announces the Company is proposing to proceed
with a name change to Americas Bullion Royalty Corp., subject to
obtaining stock exchange approval.
The purpose of the Rights Plan would be to provide shareholders and the
Golden Predator Board of Directors with adequate time to consider and
evaluate any unsolicited bid made for the Company. In particular, the
Rights Plan would provide the Board with adequate time to identify,
develop and negotiate value-enhancing alternatives (if considered
appropriate) to any such unsolicited bid, to encourage the fair
treatment of shareholders in connection with any takeover bid for the
Company and to ensure that any proposed transaction is in the best
interests of the Company's shareholders.
About Golden Predator Corp.
Golden Predator Corp. announced on January 18, 2013 a planned change of
name in order to focus entirely on royalty and streaming by building on
its existing portfolio of 34 projects. Golden Predator Canada Corp.
will continue to advance the Brewery Creek Project as a separate entity
to be divested to shareholders by spin-out or similar transaction.
Americas Bullion Royalty Corp. will focus on royalty and streaming
assets providing revenue as well as lower risk exposure to shareholders
through project diversity in first world jurisdictions. The Company's
existing portfolio is highlighted by Gross in-kind Royalties on Midway
Gold's Pan and Gold Rock deposits, as well as 2 separate projects
encompassing more than 34 square miles at Barrick's Bald Mountain
project in Nevada.
The Company holds additional royalties including a Net Smelter Royalty
on the Taylor Silver project and a portion of the Tonkin Springs
project also in Nevada. The entire package comprises more than 100,000
acres located primarily in Nevada, with 7 of the projects located in
Wyoming, Oregon, California and Mexico. Current royalty revenue is
anticipated to experience acceleration as early as 2014 as several of
these projects begin to advance. As Americas Bullion Royalty Corp., the
Company's royalty portfolio is unique in the mineral development
industry due to its ability to receive the majority of projected
revenues in-kind (gold bullion as opposed to cash).
Golden Predator Canada Corp. will remain the Yukon's Gold Company, and will be mandated to become the Yukon's next gold producer by
advancing its 100% owned Brewery Creek Project with a production goal
of 2014. The Company has an extensive exploration portfolio in the
Yukon including advanced road accessible assets at Clear Creek, Grew
Creek and Gold Dome along with the Cache Creek and Rogue projects in
the Selwyn Basin. Golden Predator Canada Corp. will continue to have
one of the largest controlled land positions in the Yukon, and is proud
of their demonstrated commitment to strong relationships with First
Nations and local communities.
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 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.
SOURCE: Golden Predator Corp.
For further information:
Golden Predator Corp.
William M. Sheriff, Chairman & Chief Executive Officer