Key Developments: Silver Predator Corp (SPD.TO)
3 Dec 2013
Latest Key Developments (Source: Significant Developments)
Americas Bullion Royalty Corp announced the Company has received an additional 6,240,000 common shares of Silver Predator Corp. under Silver Predator's option agreement to acquire a 100% interest in the Taylor Project. The Company now owns approximately 25.5% of the issued and outstanding shares of Silver Predator, and may receive a minimum of 5,000,000 additional common shares (subject to upwards adjustment, to a maximum of 6,283,333 shares) as Silver Predator completes its earn-in of the Taylor Project. Americas Bullion retains a 2% Net Smelter Revenue royalty (NSR) on all precious metals, on the Taylor Project, and a 1% NSR on all other metals, except for metals extracted from claims subject to pre-existing royalties on which the Company will receive a 1% NSR on precious metals and a 0.5% NSR on all other metals. Full Article
Silver Predator Corp announced the appointment of Anthony Jackson as Chief Financial Officer of the Company and also announced the resignation of John W. Legg as the Company's President. Full Article
Silver Predator Corp announced the close of a non-brokered private placement for gross proceeds of $1,054,600. A total of 5,858,889 units were issued at a price of $0.18 per unit with each unit consisting of one common share and one half of one non-transferable share purchase warrant. Each full warrant entitles the holder to acquire an additional common share at a price of $0.28 until December 31, 2013. In connection with the private placement, the Company paid finders' fees of $13,700. All securities issued pursuant to this private placement are subject to a trading hold period expiring on February 3, 2013. The proceeds from the private placement will be used for exploration of the Company's properties and for general corporate purposes. Full Article
Silver Predator Corp Appoints Nathan A. Tewalt As Chief Executive Officer; Completes Acquisition Of Nevgold Resource Corp.
Sliver Predator Corp. and Nevgold Resource Corp announced the closing of the arrangement whereby Silver Predator has acquired all of the outstanding securities of Nevgold pursuant to an agreement dated December 9, 2011, as amended and restated January 10, 2012 (the Arrangement). With the completion of this arrangement, Nathan A. Tewalt has been appointed as Chief Executive Officer and director, and Thomas Chadwick has been appointed as the Vice President, Exploration. The Company also announced that Nathan A. Tewalt has been appointed as Chief Executive Officer. Closing of the Arrangement took place on February 28, 2012, following approval by Nevgold security holders and the British Columbia Supreme Court. Pursuant to the Arrangement, Silver Predator issued 0.5 of a common share of Silver Predator (collectively, the "Silver Predator Shares") for each outstanding common share of Nevgold (the "Exchange Ratio"), resulting in the issuance of 7,059,000 Silver Predator Shares. Outstanding warrants to acquire common shares of Nevgold entitle the holders thereof on exercise to receive Silver Predator Shares, adjusted for the Exchange Ratio with a corresponding adjustment to the exercise price. Nevgold is now a wholly-owned subsidiary of Silver Predator, with the former shareholders of Nevgold owning approximately 18.8% of the issued and outstanding common shares of Silver Predator. Full Article