October 9, 2018 – Vancouver, British Columbia – Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (“Golden Predator Mining Corp.” or the “Company”) announces that the TSX Venture Exchange has accepted its notice of intention to proceed with a normal course issuer bid.
Pursuant to the notice, the Company may purchase up to 11,566,995 of its common shares, representing approximately 10% of the 115,669,945 common shares forming the Company’s public float. As at October 9, 2018, there were 130,656,088 issued and outstanding common shares of the Company. The price the Company will pay for any shares acquired under the normal course issuer bid will be the market price at the time of acquisition. The Company will not purchase shares pursuant to the bid if the total number of shares purchased in any 30 day period exceeds, in the aggregate, 2% of the total issued and outstanding common shares of the Company. Shares purchased pursuant to the bid will be cancelled and returned to treasury or reserved for issuance. Purchases may commence on October 15, 2018 and will continue for up to one year.
The bid will be conducted on the open market through the facilities of the TSX Venture Exchange by Interactive Brokers Canada Inc. on behalf of the Company. The Company is conducting the bid as it believes that the current and recent market prices for the Company’s common shares do not give full effect to their underlying value and that, accordingly, the purchase of common shares under the bid will increase the proportionate share interest of, and be advantageous to, all remaining shareholders. The bid purchases will provide increased liquidity to current shareholders who would like to sell their shares. Accordingly, the Company believes it is in the best interests of the shareholders and an appropriate use of the Company’s funds to conduct the bid.
Golden Predator Mining Corp.
Golden Predator Mining Corp. is a gold exploration company focused on advancing key projects with significant exploration upside, good infrastructure and community support. The Company is actively exploring on its high-grade gold 3 Aces Project and the advanced Brewery Creek Project, Yukon, a past producer with a 2014 Preliminary Economic Assessment prepared in accordance with NI 43-101.
For further information:
Janet Lee-Sheriff Chief Executive Officer 604-260-5029 info@goldenpredator.com
Website: www.goldenpredator.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.