Golden Predator to start trading as Americas Bullion Royalty Corp. (TSX:AMB) on February 22nd, 2013
WHITEHORSE, Feb. 21, 2013 /PRNewswire/ - Golden Predator Corp. (TSX: GPD) (the "Company") announces that it has changed its corporate name from Golden Predator Corp. to Americas Bullion Royalty Corp. Effective February 22, 2013, the Company will commence trading on the Toronto Stock Exchange using its new name and under the trading symbol "AMB". This change reflects a shift in the Company's focus towards its royalty business.
The Americas Bullion Royalty Corporate Presentation can be found at:
Americas Bullion Royalty Corp.
Americas Bullion Royalty Corp. will focus on royalty and streaming assets providing revenue as well as lower risk exposure to shareholders through project diversity in first world jurisdictions. The Company's existing portfolio is highlighted by Gross in-kind Royalties on Midway Gold's Pan and Gold Rock deposits, as well as 2 separate projects encompassing more than 34 square miles at Barrick's Bald Mountain project in Nevada.
The Company holds additional royalties including a Net Smelter Royalty on the Taylor Silver project and a portion of the Tonkin Springs project also in Nevada. The entire package comprises more than 100,000 acres located primarily in Nevada, with 7 of the projects located in Wyoming, Oregon, California and Mexico. Current royalty revenue is anticipated to experience acceleration as early as 2014 as several of these projects begin to advance. As Americas Bullion Royalty Corp., the Company's royalty portfolio is unique in the mineral development industry due to its ability to receive the majority of projected revenues in-kind (gold bullion as opposed to cash), its possession of gross royalties with no exposure to operator cost, as well as its security of title with no buyback or buyout provisions.
Golden Predator Corp. announced on January 18, 2013 a planned change of name in order to focus on royalty and streaming by building on its existing portfolio of 34 projects. The Company's subsidiary, Golden Predator Canada Corp. will continue to maintain its core property holdings on a care and maintenance basis with permitting continuing on the Brewery Creek Project.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance. There are numerous risks and uncertainties that could cause actual results and Golden Predator's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, Golden Predator assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.
SOURCE Golden Predator Corp.