Golden Predator To Sell 100% of the 3 Aces Project to Seabridge Gold For $4MM+ and Royalty and Contingent Payments

Golden Predator, V.GPY, gold, Yukon, Bill Sheriff

Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company”) announced today that it has entered into an agreement with Seabridge Gold Corp. for the sale of a 100% interest in the 3 Aces gold project located in Canada’s Yukon, for 300,000 Seabridge common shares, contingent future cash payments totaling $2.25 million and a 0.5% net smelter return royalty on the entire 3 Aces gold project.  The arrangement includes an immediate cash payment to Golden Predator of $263,000 for reimbursement of previously incurred expenses.  Closing of the transaction is subject to completion of due diligence by Seabridge and the approval of the applicable stock exchanges. read more