Silver Predator Announces Private Placement
NEWS RELEASE CNSX: SPD SEPTEMBER 8, 2010 NR 10‐02 www.silverpredator.com
Silver Predator Announces Private Placement
Vancouver, British Columbia, September 8, 2010: Silver Predator Corp. (CNSX:SPD) (“SPD” or the "Company") announces a non‐brokered private placement of up to 4,800,000 units of the Company at $0.36 per unit (the “Units”) to raise gross proceeds of up to $1,728,000. Each Unit is comprised of one common share of the Company and one half of one share‐purchase warrant. Each full share‐purchase warrant will entitle the holder to acquire one common share of the Company at an exercise price of $0.50 per share, for a term of one year from the date of issuance.
The proceeds from this private placement will be used for general working capital purposes.
About Silver Predator Corp.
Silver Predator Corp.’s corporate mandate is to explore and develop commercially viable silver resources in the leading silver districts of Yukon, Canada and Nevada, USA. Working within stable geopolitical jurisdictions, Silver Predator will focus on silver‐dominant bulk tonnage opportunities. Proven management plus access to unparalleled geological talent in the Yukon and extensive experience in Nevada provide the ability to maximize shareholder value from the Company’s quality asset base.
FOR ADDITIONAL INFORMATION PLEASE CONTACT:
Louis A. Lepry, Jr., President and Chief Executive Officer (604) 648‐4653
The CNSX has in no way passed on the merits of these proposed transactions and has neither approved nor disapproved the contents of this news release.
Cautionary Statements
There can be no assurance that the proposed transactions will be completed as proposed, or on a specific date, or at all. There can be no assurances that the market price of the common shares of the Company will increase as a result of the proposed transactions. The marketability and trading liquidity of the common shares of the Company may not improve as a result of the proposed transactions.
Forward‐Looking Statements
This news release contains certain forward‐looking information and statements with the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “confident”, “might”, “proposed” and similar expressions are intended to identify forward‐ looking information or statements. In particular, but without limiting the foregoing, this news release contains forward‐looking information and statements pertaining to the proposed transactions.
The forward‐looking information and statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Forward‐looking statements are based on current expectations, estimates and projections that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated and described in the forward‐ looking statements. Such information and statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward‐looking information or statements. These include, but are not limited to, risks associated with fluctuations in the market price of the Company’s common shares, commodity price and exchange rate fluctuations and uncertainties and risks relating to the outcome of the Proposed Transaction on the market price, marketability and liquidity of the Company’s common shares. The forgoing list of assumptions, risks and uncertainties is not exhaustive. The forward‐looking information and statements contained in this news release speak only as of the date of this news release, and the Company assumes no obligation to update publicly or revise any forward‐looking information or statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.