Golden Predator Announces Name Change To Gold Bullion Royalty Corp; Brewery Creek And Exploration Projects To Be Divested To Shareholders
About Golden Predator Canada Corp
Golden Predator Canada Corp. will remain the Yukon's Gold Company, and will be mandated to become the Yukon's next gold producer by advancing its 100% owned Brewery Creek Project with a production goal of 2014. The Company has an extensive exploration portfolio in the Yukon including advanced road accessible assets at Clear Creek, Grew Creek and Gold Dome along with Cache Creek and Rogue projects in the Selwyn Basin. Golden Predator Canada Corp. will continue to have one of the largest controlled land positions in the Yukon, and is proud of their demonstrated commitment to strong relationships with First Nations and local communities.
Details concerning specific transaction terms will be disclosed following tax and legal advice on the structure.On closing of the transaction, shareholders of Gold Bullion Royalty Corp. as of the record date will hold the same percentage interest in Golden Predator Canada Corp. as they held in Gold Bullion Royalty Corp. Golden Predator Canada Corp. intends to apply to list its common shares on the TSX Venture Exchange or the Toronto Stock Exchange following completion of the transaction. The transaction is subject to, among other things, Board approval of the final structure and terms of the arrangement agreement, court approval, shareholder approval, and other regulatory approvals. In addition it is anticipated the Company will change its jurisdiction of incorporation to Canadian Federal laws. The name Gold Bullion Royalty Corp. is subject to final approval and may change. Gold Bullion Royalty Corp. will hold a special meeting of shareholders to approve the transaction. Further particulars, including the record and meeting dates, will be announced in due course and a complete description of the transaction will be set forth in a management information circular to be sent to shareholders of Gold Bullion Royalty Corp. in connection with the special meeting.
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