Ms. Janet Lee-Sheriff reports
GOLDEN PREDATOR RETIRES DEBT AND RECEIVES ROYALTIES
Golden Predator Mining Corp. has retired $2.2-million in debt owed to Till Capital Ltd., pursuant to the terms of a 2014 agreement whereby the company acquired mineral properties from Till.The company has now completed all payment obligations to Till under the agreement and avoided escalating interest rates that would have taken effect beginning in June, 2017. In addition, as consideration for the early retirement of this debt, Till has transferred certain Yukon royalty interests on exploration properties owned by the company back to the company.
The company also announces that it has been approved for graduation from Tier 2 issuer status to Tier 1 issuer status by the TSX Venture Exchange.Golden Predator will commence trading as a Tier 1 issuer on the TSX Venture Exchange on Wednesday, June 7, 2017. Tier 1 is the exchange's premier tier and is reserved for the exchange's most advanced issuers with the most significant financial resources. Tier 1 Issuers benefit from decreased filing requirements and improved service standards.
3 Aces project, Yukon
The 3 Aces project in Canada's Yukonis the focus of the company's gold exploration efforts. The project area includes the 3 Aces, Reef and Hy Jay properties, consisting of 1,734 claims covering 357 square kilometres (35,700 hectares). The 3 Aces project is in the traditional territory of the Kaska Nation and the company operates under an exploration agreement with the Kaska Nation, as represented by the Ross River Dena Council and the Liard First Nation. The 3 Aces project holds all necessary permits for exploration and bulk sampling including a Class 4 mining land use permit.A fully financed 40,000-metre exploration drill program is currently under way.
The 3 Aces project, which includes the two highest-grade surface discoveries to date in the Yukon, has 30 mineralized veins that have been discovered through sampling, trenching, roadwork and drilling stretching over an elevation of 760 m (2,500 feet) within the Central Core area of 11 square km. Surface outcrops of gold-bearing quartz veins were discovered on the property and advanced with extensive soil sampling and drilling, which outlined significant gold targets in the Central Core area. For more information on the 3 Aces project please visit the company's website.
Golden Predator Mining Corp.
Golden Predator Mining, a well-financed Canadian gold mineral exploration company, is expanding surface discoveries at its 3 Aces project in Canada's Yukon, through focused drilling. The 3 Aces property is a high-grade gold in quartz project with an exploration program underway that includes sampling, trenching, drilling and bulk sampling to define and interpret the project. The company also holds the Brewery Creek project in Canada's Yukon.
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