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Slide #86. Silver Predator — Springer Tungsten Mine and Mill
Acquirer:
Silver Predator (CVE:SPD.CA)
Acquiree:
Springer Tungsten Mine and Mill
Details:
Silver Predator Corp. (TSX:SPD.CA) (the "Company") is pleased to announce that it has agreed with Americas Bullion Royalty Corp. (TSX: AMB) ("AMB") to acquire the Springer Tungsten Mine and Mill along with several other projects, primarily in Nevada, in consideration of US$5,000,000, payable over three years, and the grant by the Company of a royalty interest in each of its properties held at closing (the "Acquisition"). Concurrent with the Acquisition, AMB will commit an additional US$1,800,000 by private placement to further fund the Company.
Silver Predator is engaged in the business of exploring for and developing economically viable mineral resource deposits in the United States and Canada. Co.'s focus is to advance the exploration of its silver properties.
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